A £3.5 million facility, which Boston Borough Council invested in seven years ago is finally making money for the council, it has been revealed.
The authority contributed £724,500 into the Business Enterprise Centre, which was completed in July 2008. This year, the centre – which has been under new management since September, 2014 – could hand the council about £14,500 in rent, councillors on the authority’s Corporate and Community Committee were told recently. Under the authority’s arrangements with management Nurture Enterprises, the council is due to get a £10,000 plus 5.5 per cent of the turnover until April 2016, when this increases to 7.7 per cent.
Coun leader Peter Bedford, who was observing the meeting, said he was ‘pleased’ that the new management had been so successful. Boston Enterprise Centre provides a number of services to help small and home businesses, including room rental, business advice and postal services.