(a) That it be agreed to underwrite £703,358 of expected income from SMEs using the planned new Slough Innovation Space between 2021 – 2023.
(b) That it noted that by underwriting this amount, the Council would unlock funding of £2.35m from ERDF and other partners (subject to a successful application).
(c) That it be noted that this project was a key initiative to help recovery and renewal for Slough SMEs and its economy by creating 181 well paid jobs and 54 fast growing tech SMEs between 2021 and 2023.