Issue - decisions
Somer Valley Enterprise Zone Investment
12/02/2026 - Somer Valley Enterprise Zone Investment
(1) To reaffirm the commitment to promoting the Somer Valley Enterprise Zone (SVEZ) scheme, notwithstanding the Council’s recognition of potential viability concerns with the project.
(2) If the SVEZ scheme proceeds, to acknowledge that up to £53m may need to be secured from various means to ensure the delivery of the project, including potential further investment from the Council, other public funding sources, public loans and developer partnership.