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Date published: 1st February 2019
A new report reviewing the business case for the Egmere Business Zone will be discussed by councillors at North Norfolk District Council on Monday.
All 47 councillors from North Norfolk District Council have been invited to a private session to discuss the report immediately after Monday’s meeting of Cabinet, which starts at 10am.
The report into the viability of the park, based between Fakenham and Wells, was commissioned late last year.
The aim of the review was to allow the council to make an informed decision about whether to proceed with the project.
The Egmere Business Zone was previously identified as a potential area for employment growth, in particular to support the offshore wind energy sector. The Egmere Local Development Order (LDO) was adopted in August 2014 with the objective of designating land for investment by businesses in the wind energy sector with a simplified planning regime.
The review of the business case for the development considered the appropriateness of the development proposal, having regard to the local property market dynamics, market opportunities for the site, financial factors, benefits and market risks of the development.
Cllr Sarah Bütikofer, Leader of North Norfolk District Council, said: “The review contains important information we need to consider as a Council.
“All members of the Council have been invited to join Cabinet after their meeting on Monday to discuss the way forward.”
Last updated: 1st February 2019