Cabinet considered a major project at Walker Street in Eastwood as a key regeneration priority for the Borough in addition to compacts with key partners and to ensure the project is promoted to potential funders including the EMCCA capital pipeline.
RESOLVED unanimously that:
1. That the development of a Healthy Lifestyle Centre be endorsed as the most important regeneration priority for Broxtowe Borough Council be approved.
2. That the findings of the high-level Strategic Outline Business Case be accepted as the basis for moving this project forward.
3. To seek out compacts and agreement with partners to garner their support for the project.
4. To lobby and promote the project to funding agencies, including a request to EMCCA, to place the Healthy Lifestyles Centre at Walker Street, Eastwood on their Investment Board Project Pipeline.
5. To work to secure Memorandum of Understanding with all interested partners in the project.
Reason
This would be a major regeneration project for the Council and would represent a significant capital investment. There is value to be gained from the scheme, as highlighted in the report, and it is vital that external funding is secured in order to unlock its full potential and support the development of a full financial business case.