Exeter Science Park

Exeter Science Park

Exeter Science Park main building

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 City Council 2023-24 unaudited statement of accounts cover image

Annual inspection period begins as unaudited 2023-24 city council accounts published

Special information access rights enabling residents to examine records apply until 12 July as two preceding years’ accounts still not signed off and auditor’s inquiry into council governance and financial and performance management continues.

Auditor value for money arrangements recommendations summary chart

Auditor broadens inquiry to include Exeter City Futures and ex-CEO secondment to liquidated company

More “significant weaknesses” found in city council governance and financial and performance management arrangements while St Sidwell’s Point valued at £7 million less than build cost and £370,000 ex-CEO final year pay and benefits confirmed.

Exeter Science Park housing and office space approved

East Devon District Council has approved an application to construct 44 new dwellings and 6,000m2 of new office space beside Exeter Science Park.

Karime Hassan, Phil Bialyk, Tony Rowe and Paul Thomas at Sandy Park hotel development site

Decision to send council CEO and director to work for Exeter City Futures is “disservice to citizens”

City council disregards governance, risk and conflict of interest issues despite cross-party challenges and conflates decarbonisation agenda with property development financing scheme.

Illustration showing how the new building will look when completed

Exeter Science Park STEMM “grow-out building” construction begins

A new specialist centre for fast-growth Science, Technology, Engineering, Maths & Medicine businesses will be completed by November 2021.