HUNDREDS of acres of land at a business site is set to be given to a council.
Fareham Borough Council is in talks with the Homes and Communities Agency (HCA) to transfer ownership of 370 acres of land at Daedalus.
Once transferred the council will own all of the land which falls within the Fareham council boundary –about 80 per cent of the total – as well as some which falls within Gosport.
Council leader Sean Woodward said: ‘A range of options are being considered to build on progress already made at Daedalus. One of these is for a major part of the site to transfer from the Homes and Communities Agency to Fareham Borough Council.
‘Although there is some way to go with discussions around these options a transfer would represent a very exciting opportunity should it come to fruition.’
He added: ‘The HCA isn’t a long-term investor and they weren’t looking to run the site whereas the borough council has a high interest in developing it. It makes a lot of sense for us to take over Daedalus and grant the developments that we need.’
If the transfer goes through, the council will start work on several projects including the resurfacing of the runway at Daedalus as well as building more hangers.
Both of these will cost £1.5m.
The council will also start developing a new £5.3m innovation centre near the new Cemast college.
Due to be completed in April next year, the innovation centre will offer office space and workshop facilities for new businesses focused on advanced engineering. This aims to create 150 new jobs.
Finally, the council wants to spend more than £7m of government money on a comprehensive redevelopment of the waterfront area of Daedalus to create a vibrant new complex of commercial and leisure businesses and new homes.
The HCA will soon be marketing 55 acres of land on the waterfront which will largely be a business park.
Cllr Woodward added: ‘The future of the Solent Enterprise Zone and the creation of thousands of high-skilled and well-paid jobs is a high priority for the council.
‘I am very pleased to say that the hard work and significant investment in the site by all of the organisations involved is starting to show some real and tangible evidence of success.
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