THE key aims of a major development which will help to create thousands of new jobs are to be thrashed out.
Portsmouth City Council owns Dunsbury Hill Farm in Havant and wants to turn it into a thriving business park.
The authority has already agreed to spend £5.3m building an access road to the site off the A3(M).
Now the Tory cabinet will decide what benefits the city council should aim to secure from the scheme.
A report by Owen Buckwell, the council’s director of property, says the key aim is for the project to provide income for the authority, if possible via ‘a long term revenue income stream.’ He adds that at a ‘subregional level’ the project, including the potential jobs it can deliver, forms a ‘significant element of the wider growth agenda of the Solent Local Enterprise Partnership’.
The cabinet will consider whether Mr Buckwell should seek to raise cash by either; selling the site, letting the council develop it on its own before taking an income from business tenants, or entering into a joint venture with another organisation.
Grants for the project could also be sought. The cabinet will discuss the proposals at a meeting on Thursday from 1pm.