Decision Maker: Deputy Leader of the Council (Planning, Investment and New Homes)
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
1. To invest £136,770 of capital funding into LJ Works to meet the Council’s contractual requirements with the GLA, comprising of £87,000 from the Community Infrastructure Levy and £49,770 from capital receipts.
2. To approve the investment of £172,500 of capital receipts to provide 100sqm of additional affordable workspace as part of the LJ Works project.
3. To approve the allocation of up to £200,000 of New Homes Bonus funds to support the development of a food business incubator at LJ Works.
4. To approve the investment of up to £8,000 from the Council’s capital reserve to fund a feasibility study for the repair and refurbishment of the Council-owned building located in Wyck Gardens. This would provide a café, community facility and point of sale for businesses supported by the LJ Works project.
Publication date: 17/08/2017
Date of decision: 25/08/2017
Effective from: 05/09/2017