Purpose

The Radstock Children’s Centre is currently let to Youth Connect South West.  It was previously proposed that the building be sold to fund Hope House Children’s Centre.  However, that project was completed without the need for the sale proceeds.  Youth Connect South West have expressed an interest in leasing the building so that they can continue to deliver their services.  The building is also part of the proposed regeneration area and so retention is preferable to maintain flexibility over future development proposals.

Decision

(1)  To agree to delegate authority to the Head of Corporate Estate to agree a lease of the Radstock Children’s Centre to Youth Connect South West.

(2)  To agree the removal of £250k from the approved capital budget for the Radstock Healthy Living Centre and funded by capital receipt.

Reasons for the decision

Funds are no longer required to cover the costs of Hope House. Youth Connect South West can continue to provide their youth services. 

The property is retained as it forms part of the Radstock Regeneration area.

Alternative options considered

The alternative option, to dispose of the property on the open market, is only available in the long term after service impacts are accessed.