The Executive Director of Economic Development and Communites submitted a report which sought approval to a package of support, the implementation of a series of measures and the freehold disposal of land that would help secure the inward investment of Clinkard's Ltd at Cannon Park in Middlesbrough. The investment by Clinkards would bring over 130 jobs to Middlesbrough, as well as increasing business rates and property/land values within the vicinity.
The Clinkard Group Ltd, a family owned business, opened its first store in Middlesbrough in 1924. The company has had to adapt to the changing retail environment of recent years, but has grown sales by 10% in the last year and invested in new IT and web-based platforms.
Clinkard's have expressed the wish to relocate into a larger purpose-built headquarters facility. The favoured option was currently the former B&Q/At Home unit at Cannon Park. However, Clinkard's does still have options available to them at Preston Farm Business Park and Stokesley, which would be pursued if Cannon Park proved unviable.
The Tesco Board had approved the assignment of the ground lease to Clinkard's subject to Middlesbrough Council approval, as determined within the terms of the agreement.
Clinkard's architects have been instructed to develop a proposed scheme. However, a number of areas where support was required in order to move to Cannon Park have been raised and are detailed in the report.
That the following be approved:
the provision of grant aid (capped at a total of £158,000) be approved;
the undertaking of environmental improvements, including a diversion of the existing footpath on the site to support the investment by Clinkard's Ltd; and
the freehold disposal of land at Cannon Park to Clinkard's Ltd.
The decision was supported by the following reason:
The proposals highlighted within the report would secure the inward investment of a long-established and growing business. Furthermore the investment would bring jobs and wider investment opportunities into the Town Centre and support other Council income streams.