Issue - meetings

Approval was sought to accept a grant offer from the Staveley Town Deal Fund and to develop and operate Phase 1 of The Staveley Waterside project comprising infrastructure and a two storey 12,000ft2 development to create new business growth units.

Staveley Basin was located on the edge of Staveley town centre and formed part of the Markham Vale estate.  The Council had previously secured grant funding to support construction of the basin and to create development land; the resulting Masterplan was attached at Appendix 3.  If fully developed in accordance with the Masterplan, an estimated £18m of investment would be attracted to the site.

The Staveley Town Deal was awarded £25.2m in March 2021.  The first phase of the Staveley Waterside proposal would deliver a new, high-quality 12,000ft2 waterside building, offering flexible office and workshop units for small businesses; flexible ground floor units offering a high-quality food and beverage opportunities with indoor/dedicated outdoor dining space; or other retail use. The proposal also included provision of an access road and enabling utilities which were key to open a further 5 acres of the wider site for future development and investment.  Appendix 4 of the report considered the financial viability of the proposals and identified the economic benefits the proposals would bring to the area.  A business case for the development was attached at Appendix 5.

Completion of the first phase of the development did not commit the Council to starting nor completing any future phases: these would be the subject of further reports to Cabinet.  Subject to securing all necessary funding and planning approvals, construction of the Staveley Waterside Phase 1 development was likely to commence on site September 2022 and be completed by end of 2023.

RESOLVED – to (1) note the actions taken to date to secure the provisional grant offer of £2.664m from the Staveley Town Deal Board and subject to securing a detailed offer accepts the grant towards the costs of designing and building Phase 1 of the Staveley Waterside project; (2) approve the funding package for Phase 1 of the Staveley Waterside Development as set out in the report; and (3) subject to securing the full grant offer from the Staveley Town Deal Board, approve the placing of orders to commence the detailed design stage of the Phase 1 Waterside Development and to invite tenders for the construction design and build phase.