South Cerney lake site preferred bidder announced
The preferred bidder for the South Cerney Outdoor Education Centre in Gloucestershire has been announced.
Plans to sell the lakeside site to Prospects Services Limited have been given the approval of the cabinet at Gloucestershire County Council.
Prospects said it will initially spend an extra £500,000 on improving the facilities and accommodation on site.
The sale is part of the council's plans to cut £45m over four years by selling off part of its property portfolio.
As well as the initial investment, the bidder has also said it will create a Prospects Green Centre - a study centre to provide and promote environmental education.
Councillor Will Windsor-Clive said: "We know how valued this facility is and were keen to find a buyer who would improve the site to benefit young people, and work closely with current users and the local community to make the business a success."
Prospects will take on a 125-year lease of the South Cerney site.
It plans to meet with local groups that use the site as soon as possible to discuss how it will work with them in the future.
Ray Auvray, executive chairman of Prospects, said "significant investment" was planned to create a better and more widely used facility.
"The project builds on our existing partnership with the county council, who we have worked with for a number of years providing services for young people."
Last year, a community group in the Cotswolds attempted to buy the centre but had to admit defeat after seeing the council's asking price of £875,000.