Decision details

Authority was sought and received in March 2007 under decision 07/00936 to commit KCC to entering a Joint Venture Vehicle incorporating Kent County Council’s landholdings at Manston Park and Eurokent Business Park, Thanet and Thanet District Council’s landholdings at Eurokent.

In 2010 further authority was sought to reprofile the loan and this was received and recorded under decision 10/01499.

In 2014 further re-profiling is necessary to ensure that EKO is able to build upon current momentum and be best placed to move forward on the development of both sites.  The Leader has taken a further decision under 14/00053.

The Leader of the County Council has agreed:

That the County Councils commits in principle to enter into a Joint Venture Vehicle incorporating the County Council’s landholdings at Manston Park and Eurokent Business Parks, Thanet and Thanet District Council land holdings at Eurokent; and

That the Managing Director of Environment and Regeneration be authorised to negotiate, agree terms and execute and necessary documents including a Collaboration Agreement and Joint Venture Agreement, and determine the precise nature of the vehicle, on behalf of the County Council