Decision details

Securing additional benefits from the “LJ Works” affordable workspace project

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

Decision:

Recommendations

 

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

Accompanying Documents: