Issue - meetings

The Cabinet is requested to consider the agenda report and its two appendices in the agenda supplement and to make the following resolution:

That the Post Project Evaluation (PPE) report in appendix one to the agenda report for the Chichester Enterprise Centre development be approved.   

RESOLVED

That the Post Project Evaluation (PPE) report in appendix one to the agenda report for the Chichester Enterprise Centre development be approved. 

The Cabinet received and considered the agenda report and its two appendices in the main agenda supplement.

This item was presented by Mr A Dignum (Leader of the Council and Cabinet Member for Growth and Place).

Mr A Gregory (Project Manager Estates) and Mrs J Hotchkiss (Director of Growth and Place) were in attendance for this matter.

Mr Dignum said that the report via the appended post project evaluation reviewed how the Chichester Enterprise Centre (CEC) project had performed against the project initiation document. A brownfield site had now become one brought into active economic use to assist fledgling businesses and was an important revenue source for CDC. Despite challenging issues in construction, a significant underspend in construction costs was achieved (para 4.3 of the report). Of the CEC’s 82 available units, 36 (44%) were currently occupied and nine were in use as workshops. The CEC’s performance to date was very encouraging.

Mrs Hotchkiss commented that as a result of the £234,000 underspend of the capital budget the originally envisaged return on investment of 4.9% was now 5.15%.

Decision

The Cabinet voted unanimously to make the resolution set out below.    

RESOLVED

That the Post Project Evaluation (PPE) report in appendix one to the agenda report for the Chichester Enterprise Centre development be approved.