This report seeks approval under delegated
authority for the award of a loan to The Old Nursery Tottenham Ltd.
for the sum of £125,000.00 (one hundred and fifty thousand
pounds), under the Upper Lea Valley Fund (PVF) for the purpose of
bringing a disused old nursery located to the South of The Holy
Trinity Church on Tottenham Green back to life offering a mix of
creative workspaces, a café/restaurant, an ancillary
community space and offering vocational training
opportunities.
The applicant will be carrying out extensive refurbishment works to
the Old Nursery. The work will include some structural, remedial,
redecoration as well installing new central heating, electric and
fire systems. The plan is to deliver approximately 4,200sqft of new
commercial floorspace. The team behind The Old Nursery will deliver
ancillary community space; a café/restaurant offering
training opportunities and utilising the outdoor garden; creative
workspaces (up to 10 units); create a minimum of 5 jobs; bring back
to use 4,200 sq ft of employment space and a minimum of 7
businesses (could be 10 depending on unit size demand)