DD1296 Croydon Innovation Centre

Type of decision: 
Director's decision
Code: 
DD1296
Date signed: 
11 May 2015
Decision by: 
Fiona Fletcher-Smith, Executive Director of Development, Enterprise and Environment

Executive summary

This paper seeks approval to release funds of up to £800,000 from the London Enterprise Fund for the London Borough of Croydon’s Innovation Centre project subsequent to MD895 (approving the overall MRF programme) and MD1092 and the decision of the Executive Director of Development, Enterprise and Environment following Investment and Performance Board approval of the Stage 2 Investment Decision.

The Innovation Centre project will provide a specialist technology business incubator unit to act as a catalyst for the growth of the tech community in Croydon by supporting local businesses and providing a resource to attract inward investment.

Part 1: Non-confidential facts and advice