Agenda item - Major Projects Update

Report of the Executive Director, Economy, Environment & Culture

17.1      Councillor Mears noted that the developer had suspended negotiations on the redevelopment of the King Alfred site awaiting the outcome of Brexit and asked how many other developers had done as such.

17.2      The Assistant Director, City Development & Regeneration replied that this was the only case where this had been raised specifically adding that viability was a consideration of all projects.

17.3      Councillor Druitt noted that 64% of aggregate and building material used in the UK was imported from the EU and asked what the likely impact would be on the price of those materials in the event the UK left the EU without a deal.

17.4      The Assistant Director, City Development & Regeneration stated that this was an acknowledged risk.