Issue - meetings

Towns Fund

 

 

Meeting: 20/09/2021 - Cabinet (Item 27)

27 Towns Fund and Future High Streets Fund pdf icon PDF 174 KB

Key Decision

 

Portfolio Holder

Councillor Matthew Relf – Portfolio Holder for Regeneration and Planning

 

Decision:

RESOLVED that

a)    Council be recommended to accept the Early Release Towns Fund Capital Funding, includes the funding within the Capital Programme and delegate allocation of the funds to the Portfolio Holder for Regeneration and Planning and the Corporate Finance Manager (and S151 Officer), in consultation with the Discover Ashfield Board;

 

b)    delegated approval of the Towns Fund project business cases be also granted to the Portfolio Holder for Regeneration and Planning and the Corporate Finance Manager (and S151 Officer) in consultation with the Discover Ashfield Board;

 

c)    progress on the Towns Fund and Future High Streets programmes, be received and noted.

Minutes:

Cabinet was requested to agree actions to support delivery of the Towns Fund project programme and were updated on progress with the Towns Fund and Future High Streets programmes.

 

Members considered the alternative option of declining to accept the funding or to delegate authority for approval of business cases, but it was not recommended as this would unnecessarily delay delivery of the agreed programmes.

 

RESOLVED that

a)    Council be recommended to accept the Early Release Towns Fund Capital Funding, includes the funding within the Capital Programme and delegate allocation of the funds to the Portfolio Holder for Regeneration and Planning and the Corporate Finance Manager (and S151 Officer), in consultation with the Discover Ashfield Board;

 

b)    delegated approval of the Towns Fund project business cases be also granted to the Portfolio Holder for Regeneration and Planning and the Corporate Finance Manager (and S151 Officer) in consultation with the Discover Ashfield Board;

 

c)    progress on the Towns Fund and Future High Streets programmes, be received and noted.

 

Reason:

To support project delivery the Ministry of Housing, Communities and Local Government (MHCLG) will be releasing an early payment of 5% (£3.13m) of the total Heads of Terms offer of £62.6m. The funding will need to be included within the Capital Programme so that the funding can be used to develop the projects and business cases.