Issue - meetings

RESOLVED: Cabinet:

1.    Reaffirmed the King’s Lynn Enterprise Park vision and objectives set out in section 1, in line with the priorities of the West Norfolk Economic Strategy.

2.    Recommended progression of Option 3 as detailed in section 3 of the report to progress the remaining infrastructure works required at the King’s Lynn Enterprise Park.

3.  Provided delegated authority granted to the Assistant Director for Housing, Regeneration & Place to award the contract to Morgan Sindall to deliver Active Travel Hub works at Baker Lane and the King’s Lynn Enterprise Zone, western access road and site levelling as detailed in section 2 & 5 of the report.

4.  Approved the Enterprise Zone funding strategy as set out in section 5 to enable completion of outstanding works necessary to make the site fully available for plot sales and occupation.

5.  Approved the amendment to the capital programme 2026/7 and Treasury Management Strategy to reflect the financial arrangements and timeframe set out in this report.

REASON FOR DECISION: To complete the delivery of the Enterprise Zone infrastructure in line with our corporate policy to promote growth & prosperity and priorities identified in the West Norfolk Economic Strategy to support growth in priority sectors

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The Portfolio Holder, Councillor Ring outlined the need for reaffirmation of the park's strategic importance and approval to proceed with final infrastructure works, which will open up additional plots.

The Regeneration Programmes Manager added that the report covers financial arrangements and requests authority to let contracts for these works.

Councillor Rust commented on the improved appearance and attractiveness of the area, with ongoing efforts to complete the final phase and enhance the park's appeal to prospective businesses.

Councillor Morley emphasised the long-term social value and business development potential of the park, noting that the direct financial payback was secondary to the broader benefits for King's Lynn's economic growth and community clustering.

The Portfolio Holder, Councillor Ring summarised and explained this was the last stage of the development and the business park was complete, He added growth was to be achieved and recognised the performance of growth in local secondary schools.

RESOLVED: Cabinet:

1.  Reaffirmed the King’s Lynn Enterprise Park vision and objectives set out in section 1, in line with the priorities of the West Norfolk Economic Strategy.

2.  Recommended progression of Option 3 as detailed in section 3 of the report to progress the remaining infrastructure works required at the King’s Lynn Enterprise Park.

3. Provided delegated authority granted to the Assistant Director for Housing, Regeneration & Place to award the contract to Morgan Sindall to deliver Active Travel Hub works at Baker Lane and the King’s Lynn Enterprise Zone, western access road and site levelling as detailed in section 2 & 5 of the report.

4. Approved the Enterprise Zone funding strategy as set out in section 5 to enable completion of outstanding works necessary to make the site fully available for plot sales and occupation.

5. Approved the amendment to the capital programme 2026/7 and Treasury Management Strategy to reflect the financial arrangements and timeframe set out in this report.

REASON FOR DECISION: To complete the delivery of the Enterprise Zone infrastructure in line with our corporate policy to promote growth & prosperity and priorities identified in the West Norfolk Economic Strategy to support growth in priority sectors