The fundamental aim and objective of IPM North was to provide contemporary commercial space that
would attract inward-investment and enable innovation and business growth in Medway with a focus on
Rochester. Additionally, IPM North would help the Council attract new businesses and realise the
reinvestment of business rates. This is also one of the core benefits of the North Kent Enterprise Zone.
IPM North was promoted following a raft of Council-instructed research and evidence which
demonstrated that Medway and Rochester contained areas of economic and social deprivation and a
disproportion of investment in high-technology and research and development (R&D) space, compared
to other locations in Kent and the south-east.
IPM North, when fully operational, was expected to encourage collaboration, the sharing of skills,
ensure flexibility of workspaces to foster face-to-face communication and to allow for technology change
and at the same time strengthen links with local universities which already provide highly skilled talent
and world-class research and development facilities.
The core aims and objectives of the IPM North development remain the same including:
• Creating a hub for knowledge-based employment and innovation.
• Improving the number and quality of jobs.
• Retaining and increasing the local skills base.
• Creating an innovation environment that fosters entrepreneurial activity.
• Achieve long-term economic sustainability.
• Delivering an adaptive development to meet changing demand.
PREFERRED DELIVERY APPROACH
The Council has considered the delivery options for IPM North and its preferred delivery approach is to
procure a development partner with a development agreement entered by both parties with a clear set
of obligations and performance requirements.
This model has been chosen by the Council to retain strategic control over the development and provide
them with a more balanced risk profile than direct delivery, a joint venture, or a land sale.
For more information about this opportunity, please visit the Delta eSourcing portal at:
https://www.kentbusinessportal.org.uk/tenders/UK-UK-Chatham:-Site-development-work./RC6TYQA52U
To respond to this opportunity, please click here:
https://www.kentbusinessportal.org.uk/respond/RC6TYQA52U