Decision

That the terms reported are approved and a 3-year lease be granted as set out in the report. 

That authority is granted to issue instructions to the Director of Governance (Chorley and South Ribble) to complete the standard lease agreement.

Reasons for recommendations

To promote economic growth in Chorley and to generate revenue to ensure that the Strawberry Fields development is financially sustainable.

Other options considered and rejected

To proceed without the grant of a lease would place both parties at significant legal risk.