Decision details

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.