Decision details

The Cabinet will be asked to consider and give approval to restart the Advanced Manufacturing and Engineering Centre Project in Bury St Edmunds and fund the next gateway of the project from income received from the retained business rates derived from Suffolk Park Enterprise Zone.

Resolved:

That:

1.       The current position and deliverability challenges of the Advanced Manufacturing and Engineering (AME) project as set out in section 2 of Report number: CAB/WS/24/034, be noted.

2.       Taking into account the risks set out in section 5 of Report number: CAB/WS/24/034, it be agreed for the AME project to progress to the next Gateway (Gateway 4), utilising up to £450,000 from accumulated funding generated from Pot B Enterprise Zone receipts.