Chester Race Company is to move into Cheshire West & Chester Council’s HQ building in Chester next month, taking 7,000 sq ft on the fourth floor.
As part of its strategy to maximise income from its corporate buildings, the Council is letting available space to various organisations, as part of an accommodation strategy aiming to save £2.4m in the next four years.
According to CWAC, Chester Race Company is paying the “market rate” for the space.
Cllr David Armstrong, cabinet member for legal and Finance, said: “Our accommodation portfolio must deliver value for money for the taxpayer. To make sure we can protect frontline services we will not overspend on our buildings, some of which have unoccupied space.
“It is important to make cost savings across corporate buildings if the Council is to achieve its aim of bridging the £57m financial shortfall in our funding by 2020.
“The Race Company plays an important role towards us achieving our goal of a thriving local economy. It is good news that they will be moving into HQ bringing, as they do, much needed private sector money into the public sector.
“This new announcement is in addition to Marketing Cheshire who have already taken space on the fifth floor.”