[To approve a Community Asset Transfer of Burdett House]

1.      That the Community Asset Transfer of Burdett House, 29-30 Cleveland Street, WV1 3HT to Access to Business for a term of 35 years subject to terms be approved.

2.      That authority be delegated to the Cabinet Member for Resources in consultation with the Deputy Chief Executive to approve the terms of the Community Asset Transfer and lease.

Councillor Jacqueline Sweetman presented the report on a proposed Community Asset Transfer of Burdette House, a three storey end terrace property to Access to Business on a 35 year lease. The asset had previously been vacated and earmarked for demolition with an estimated capital investment of £250,000 to £300,000 required to bring it into a lettable condition. Access to Business had approached the Council to take over the building to develop Burdette House into a social enterprise centre supporting the development of new social enterprises in the city to help to increase business growth and reduce unemployment and provide training and work experience for unemployed people.

Resolved:

1.    That the Community Asset Transfer of Burdett House, 29-30 Cleveland Street, WV1 3HT to Access to Business for a term of 35 years subject to terms be approved.

2.    That authority be delegated to the Cabinet Member for Resources in consultation with the Deputy Chief Executive to approve the terms of the Community Asset Transfer and lease.