The rent increase was presented to Cabinet on the 17th February 2023 to support inflationary costs and increased operational costs due to wear and tear as the building is used more often and to ensure it is sustainable in year 3 of opening.
This building sits on HRA land and it is required to be self-sufficient and not reliant on funding from within this account as stated in the attached report.
This increase will take effect as tenants licences come up for renewal over the financial year 2026/27 and for all new tenants during this period.
This decision has been concurred via email, by Cllr Ivan Henderson, Deputy Leader of the Council and Portfolio Holder for Economic Growth, Regeneration and Tourism.