51 Pleasley Vale Regeneration Programme - Monitoring Update PDF 302 KB
Minutes:
The Head of Business Growth presented the report to the Committee.
P&D Environmental would start flood remediation works that week. Whilst this was later than anticipated, work would now commence as water levels were lower than before – the contract had been awarded at the right time.
The Committee were informed the Business Estates Manager and Estates Officer had continued to:
4 new tenants had recently located to Mill One, taking up available office space on the fourth floor (which had been vacant for some time). A further 6 expressions of interest were being progressed through to leases.
These lettings would increase the occupancy rate from 13% to 45% just for the fourth floor of Mill 1.
The outturn financial position of the business park was positive, with the rental income already exceeding its forecast budget for the 2024/25 (as of 6th March 2025).
At its December 2024 meeting, the Council had approved funds for investment into Pleasley Vale for the schemes identified as well as additional repairs and works to the Mill buildings.
The Council had further approved a recommendation to delegate authority to the Chief Executive Officer to establish the post and budget of a Building Surveyor / Contractors Administrator into the Property Services Team of Dragonfly Management (Bolsover) Ltd.. This post would manage and oversee the building works and repairs at Pleasley Vale Business Park.
The first round of recruitment had proven unsuccessful, likely due to the Council going out to tender when the UK Government had just published its English Devolution White Paper (and likely dissuaded applicants from applying for a two-tiered local authority position). However, there was registered interest for this second round of recruitment.
To questions on the appointment, the Head of Business Growth informed that: advertisements had been on the Council’s, Dragonfly Development Ltd.’s, and Derbyshire County Council’s websites; the work the new position would be undertaking was still being carried out by the team (this was only a short term solution); and that it was expected an applicant would start within 2-3 months of a successful recruitment (depending on the notice period required for their current employment).
A Member shared it was pleasing to see work was ongoing.
The Portfolio Holder for Growth stated it was delightful to see the site was in a good position and exceeding the expected rental income. It was excellent that businesses were being supported and that additional income was being generated.
Moved by Councillor Will Fletcher and seconded by Councillor Jeanne Raspin
RESOLVED that members note the contents of the report.