Issue details

Good Growth Fund - Rainham Innovation Hub and Public Realm improvements Contractual Agreements

Cabinet will be asked to make the following decision:

 

  • Enter into a Grant Agreement with the Greater London Authority (GLA) until 31st March 2021 to provide an Innovation Hub designed to boost productivity and skills in Havering and across East London and improve the physical environment of the area for workers, students and visitors. The Innovation Hub will focus initially on the use of digital technologies in construction and logistics. The Grant from the GLA is for £1,631,940. Match funding from the Council will be derived from the value of staff time, and amounts to £16,200, plus a commitment to identify £50,000 from business sponsorship/social value contributions or S106. Match funding will also be provided from SIP funding (£800.000), Havering College and SEGRO (combined £1,228,120). 
  • Enter into Delivery Agreements with SEGRO, Havering College of Further and Higher Education, The Centre of Engineering & Manufacturing Excellence (CEME), and the London Riverside Business Improvement District to deliver the financial grant, project management and outcomes.

 

Decision type: Key

Reason Key: Expenditure > £500,000;

Decision status: For Determination

Notice of proposed decision first published: 03/04/2019

Decision due: 12 Jun 2019 by Cabinet

Lead director: Director of Regeneration Programme Delivery

Department: Regeneration, Policy & Planning

Contact: Helen Payne, Interim Business Development Manager Email: Helen.Payne@havering.gov.uk Tel: 01708 433276.

Consultation process

You can contact the Responsible Officer for more information regarding this matter, at least 14 days prior to the date of the decision.

Consultees

All relevant Members, officers, stakeholders and business partners will be consulted.

Documents

  • Document To Follow