Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
(1) That it be approved that three bids be submitted for LUF Round 2 as set out in section 2 of the report.
(2) That authority be delegated to the Corporate Director for Place, in consultation with the Executive Member for Economy and Regeneration, to develop and submit three bids to the Levelling Up Round 2 Fund as set out in section 2 of the report.
(3) That authority be delegated to the Corporate Director for Place to accept grant offers the Council receives in the event any of the bids are successful.
(4) That the Director of Legal and Governance be authorised to finalise and enter into all legal agreements required to implement the above decisions.
The recommendations are aimed at securing funding to deliver key projects that meet the Corporate Priorities of the Council and if successful, will realise significant additional funding for the borough to benefit of residents, businesses and visitors.
The three proposed bids have been considered as key to meeting Corporate Priorities and local need, and in meeting the government’s themes and guidance for LUF Round 2. As a result of the good fit with the funding’s criteria and limited time available to develop the bids, other options have not been considered.
Publication date: 21/06/2022
Date of decision: 20/06/2022
Decided at meeting: 20/06/2022 - Executive
Effective from: 29/06/2022