Plymouth City Council's support for a £5.12 million building project would help create hundreds of jobs in the city.

At a meeting, the Cabinet will be asked to consider whether the Council can act as guarantor for a loan so the Millfields Trust can redevelop a flagship building on Union Street. The proposals would see 50 new workspace units built in Block C, creating up to 200 new jobs and forms one of the Council's 'Plan for Jobs' projects.

The project is also part of the Urban Enterprise Programme in Plymouth, a job creation programme designed to equip unemployed people with the advice, skills and knowledge to set up their own business.

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Council Leader, Councillor Tudor Evans said: "This is an exciting project that could make a real difference in a disadvantaged area of the city. We have said that creating jobs and strengthening our economy are priorities and we are working co-operatively with partners to deliver.

"This project is an important part of our plans. Building an enterprise hub will give budding entrepreneurs access to workspace so new businesses can grow and flourish, help rejuvenate Stonehouse and create up to 200 jobs."

The Millfields Trust would provide £460,000 and apply for £2.56 million pounds from the European Regional Development Fund and £2.1 million from the Growing Places Fund, administered by the Local Enterprise Partnership. The LEP has indicated that the Council acting as guarantor will be a condition of their funding offer.

(CD/GK)