Issue - meetings
Lancaster Science Park
Meeting: 08/07/2008 - Cabinet (Item 21)
21 Lancaster Science Park 
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(Cabinet Member with Special Responsibility Councillor Abbott Bryning)
Report to follow.
Minutes:
(Cabinet Member with Special Responsibility Councillor Abbott Bryning)
(Mr T Hamilton-Cox, who had registered to speak on this item in accordance with the City Council’s agreed procedure and Cabinet Procedure Rule 2.7, spoke to this item)
The Head of Economic Development & Tourism submitted a report that advised of progress with project development work for Lancaster Science Park and requested confirmation that the Council should lead the next stages of project development, including the submission of outline planning application and recruitment of a development partner.
The options, options analysis, including risk assessment were set out in the report as follows:
Options and Options Analysis (including risk assessment)
|
Option |
Advantages |
Disadvantages |
Risk assessment |
|
1: Do nothing – do not proceed with the project |
|
The opportunity to secure a regionally significant strategic employment site will be lost.
Adverse impact on the Council’s relationship with NWDA and Lancaster University |
The Council would be in default of its funding agreement with NWDA and its contract with the current landowner, and may face action for breach of contract with the latter. (These are primarily reputational issues rather than significant financial ones)
|
|
2: Proceed with the project as outlined in this report, seeking to transfer risk associated with the Innovation Centre to a development partner |
Secures a major strategic project for the District, leading to the anticipated release of £10+ million NWDA funding
|
A private sector operator may take a more commercial approach towards operation of the Innovation Centre and this may reduce the level of advice and support given to tenant businesses compared with a non profit operation
|
Achieves the strategic benefits from the project whilst minimising ongoing operational costs and risks for the Council
Possibility that the private sector may not respond |
|
3: Develop the Innovation Centre as a public sector project and manage it either directly or via the University |
May provide the most supportive form of management for tenant businesses
|
NWDA would not support this approach unless option (2) has failed to attract developer interest |
Leaves the Council with the risk of meeting any operational deficit in future years. Note this option would need to be the subject of a full appraisal before being considered in any detail.
|
The Officer preferred option was Option 2.
It was moved by Councillor Abbott Bryning and seconded by Councillor Shirley Burns:-
“That the recommendations, as set out in the report, be approved.”
Members then voted as follows.
Resolved:
(6 Members (Councillors Blamire, Bryning, Burns, Charles, Gilbert and Mace voted in favour, 2 Members (Councillors Barry and Fletcher) voted against and 2 Members (Councillors Archer and Kerr) abstained):
(1) That, subject to release of sufficient project development funding from the NWDA, the Corporate Director (Regeneration) be authorised to proceed with the next phases of project development, including the recruitment of a development partner on the basis outlined in the report, and commissioning of relevant specialist consultancy support.
(2) That a further report be made back to Cabinet on the outcome of the ... view the full minutes text for item 21