beleben

die belebende Bedenkung

Less than best consideration

leave a comment »

Land valued at £4.2 million needed for ‘HS2 College’ is to be handed over for less than best consideration free by Birmingham city council, it has emerged.

[Birmingham council to ‘give away’ £4.2m site for high speed rail college, Paul Dale, The Chamberlain Files, 13 October 2015]

[…] The council has agreed with the Government to charge only a peppercorn rent for a 125-year lease on the valuable city centre site at Birmingham Science Park Aston.

[…] Government plans to build the HS2 engineering college on two sites in Birmingham and Doncaster were announced earlier this year. The estimated cost of the Birmingham building including fit out and equipment is £26 million – but the Government will contrinute only £20 million.

The balance has to come from the Greater Birmingham and Solihull Local Enterprise Partnership.

The cabinet report warns of a funding gap if the Department for Business Innovation and Skills cuts the size of its promised £20 million grant. Any shortfall would be met through GBSLEP and the private sector.

In any event, Birmingham city council will underwrite the cost of the project.

[…] “The progress of the scheme is dependent on the transfer of land at less than best consideration.”

Advertisements

Written by beleben

October 13, 2015 at 10:20 am

Posted in Birmingham, HS2

Tagged with

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: