Agenda and minutes

No declarations of interest were made.

RESOLVED

that the minutes of the meeting of the Panel held on 19^th September, 2019, be received and approved as a correct record.

The Chairman introduced the topic and advised the Panel that ‘Town Centre Regeneration’ had been added to the Scrutiny Workplan in July 2019 and was further endorsed by the Leader at the Council’s State of Ashfield Debate in October 2019.

It had been recognised that economic growth was a key priority for the Council and the report, as presented, set out some of the funding opportunities available to Ashfield including the partners the Council currently worked with in relation to its growth and regeneration ambitions for the District.

The Director of Place and Communities took the opportunity to address the Panel and circulated a briefing note regarding the Towns Fund Prospectus.

The objective of the Towns Fund was to drive the economic regeneration of towns to deliver long term economic and productivity growth.  Thirty places within the Midlands had been selected for investment with both Kirkby in Ashfield and Sutton in Ashfield being chosen to develop Town Deals with up to £25m being made available for each town.

The timeframe and requirements for accessing the funding were as follows:

1.    To establish a Board led by a representative from the local business community;

2.    Capacity funding to be received in November 2019 (£324,038 for both towns);

3.    Readiness checklist to be submitted by 19^th November 2019 to gauge how quickly the Council can prepare for a Town Deal;

4.    Town Deal Board to be convened (including publication of town boundary) by end of January 2020;

5.    Further guidance published early 2020;

6.    Town Investment Plan produced by end of Summer 2020;

7.    Town Deal agreed for 2020-21.

It was envisaged that a Member of Scrutiny Panel B would be invited to sit on the Town Deal Board, once established, comprising various other representatives including ‘Discover Ashfield’ ambassadors from the local business community.

Once the financial framework was in place, it was anticipated that ‘project visioning’ would commence through workshops with the scrutiny review running alongside and contributing towards the business and public sector consultation processes.  It was acknowledged that the Sutton Town Centre Masterplan would also be an effective tool to help inform the planning and decision-making processes.

The other funding opportunity had been made available through the Future High Streets Fund, which had been set up by Government to support the renewal and reshaping of high streets and town centres.  Following the selection of Sutton in Ashfield following completion of phase 1, the Council had recently received some funding from Government to support the phase 2 development of high street strategies and business cases for the proposed projects.  It was a competitive funding process and the Council were hoping to secure funding for heritage and renewal projects around the Market Place area of Sutton.

At this point Members considered the scope for the review and discussed, amongst other things:-

·         the likeliness of the Council securing the Future High Street funding and acknowledging that the submitted bids would be aimed at securing between a £5 to £10 million investment,  ...  view the full minutes text for item SB.9