Council sinks additional £1.25m into struggling Exeter Science Park as company unable to repay £7m debts
Serial scrutiny failures continue as emergency meeting held to increase city council exposure to joint venture to more than £2 million on top of £450,000 project costs plus £950,000 guarantee but rescue plan risks repeating earlier strategic mistakes.
Exeter employment rate second lowest in South West for second year running
Economic inactivity levels related to large student and retiree population remain high, creating recruitment challenges from healthcare to refuse collection, but council celebrates top retirement destination ranking as ‘more good news’.
