Issue - meetings

The Cabinet Member for Neighbourhood Services, Regeneration & the High Street presented the report of the Director: Prosperity & Investment.

The report set out the achievements of the Telford Land Deal. Since the Deal began a total of 29 commercial sites and 23 sites for residential development had been sold, supporting the delivery of 1926 new jobs and 1284 new homes.

In the first quarter of 2022/23, 1 commercial sale site had been completed, with a further 5 commercial sites and 1 residential site currently in negotiations.

The first development phase of Ni-Park, the new employment park to the south of Newport, had been completed.

Cabinet Members noted that the Land Deal allowed the continued protection of green spaces in the Borough.

RESOLVED that the outcomes achieved during the 2021/2022 financial year and overall since the Land Deal commenced in 2015 be noted.