Issue - meetings

LEVELLING UP FUND ROUND 2 BIDS

Meeting: 20/06/2022 - Executive (Item 7)

7 LEVELLING UP FUND ROUND 2 BIDS pdf icon PDF 335 KB

To consider a report of the Executive Member for Economy and Regeneration.

Additional documents:

Minutes:

The Executive Member for Economy and Regeneration submitted a report which provided Members with background to the Levelling Up Fund (LUF) Round 2, which had been announced in the 2022 Spring Statement. It was similar to the Round 1 scheme whereby it was designed to invest in infrastructure that improved everyday life across the UK. The £4.8 billion fund would support town centre and high street regeneration, local transport projects, and cultural and heritage assets. The report set out the three areas proposed to be put forward as bids for LUF Round 2.

 

In discussion, it was noted that the submission timetable and capacity issues to finalise projects had rendered it impracticable to bid for Round 1 funding; but that initiatives were in place to develop capacity across Greater Manchester in the event of similar future issues.

 

          RESOLVED -

 

(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.