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Council willing to offer businesses more rent-free periods

All manner of marine life await your visit at The SeaQuarium. - Credit: Archant New investors could be offered rent-free periods to help revitalise Weston town centre. North Somerset Council has agreed to a two-year rent-free period for Kerry Michael, of AGM Holdings, who has signed a deal with the authority to take over the SeaQuarium. The authority has confirmed it would be willing to offer similar deals to other investors to encourage business development in Weston. SeaQuarium, under Seaquarium Ltd, had been closed since March 2019 with no rent payments made in that time - leading to arrears totalling £116,560. North Somerset Council said it understands the company has no funds to meet its liability and is expected to be struck off the Register of Companies and dissolved some time after December 27, 2020.”

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