Decision details

Decision on a potential property acquisition to support the regeneration of the Market Place by introducing active uses and to be included within the Council’s property portfolio

The Executive Meeting considered a proposed strategy for encouraging the development of creative industries and specialist retail in Stockport, focussed primarily on the Market Place, and agreed that

·                the strategy to encourage the development of creative industries and specialist retail in Stockport Market Place be endorsed;

·                the utilisation of Adult Social Care Capital Resources in conjunction with grant funding to authorise the acquisition of a property on the Market Place in order to maximise the opportunity of this strategy be supported;

·                the use of Adult Social Care Capital Resources as match funding for a bid to the Heritage Enterprise Programme, and any other relevant funding sources, for funding to deliver the strategy be supported;

·                the Service Director (Place Development) and the Corporate Director for Corporate and Support Services in consultation with the Executive Councillors (Economic Development & Regeneration) and (Governance & Corporate Services) be authorised to offer the listed potential occupiers of property in the Market Place the opportunity to lease the ground floor units at less than market value;

·                the Service Director (Adult Social Care) be authorised to allocate Capital Resources to support the strategy;

·                the allocation of unallocated PIF capital funding to carry out priority works to 18-19 and 25 Market Place (Merchants House) be approved.

(NOTE: the report included exempt information ‘Not for Publication’ contained within its appendices that were circulated to executive councillors only)

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Town Centre Task Force

Corporate, Resource Management & Governance Scrutiny Committee