Plans are being considered on whether to construct a major new building at Nottingham Science Park for a 35,197 sq ft building .
The authority has said it would provide a ‘focal point’ for the park and would be used for research and development office space and conferences.
It would be funded through a combination of council borrowing and Building Foundations for Growth grant available through the D2N2 Local Enterprise Partnership.
A council document published ahead of the executive meeting on Tuesday 21st November states: “The development of a new building at Nottingham Science Park in unviable without grant funding.
“Building No.2 is now at developed design stage and will be submitted for planning permission following executive board approval.
“The project needs to be funded through council resources with any viability gaps being met by the grant.”
The park is a long-established research and development site between Nottingham University and the Boots Campus.
The council owns the freehold of the 18.8 acre park and purchased the leasehold in July.