Issue - meetings

[To approve to the submission of externally funded bids and arrangements for entering into grant funding agreements for successful bids]

1.       That the submission of a full application to the European Regional Development Fund (ERDF) for the Black Country AIM for GOLD (Advice Investment and Market Development and Growth Opportunities Local Delivery) Project be approved.

2.       That authority be delegated to Cabinet Members for City Economy and Resources, in consultation with the Strategic Director Place and Director of Finance to enter into Grant Funding Agreements and approve budgets relating to successful bids or extensions to projects.

3.      That the development of a full application for ERDF funding for a Smart Intelligence Infrastructure Investment I³ project should the outline application be successful be approved.

Councillor John Reynolds presented the report seeking approval to the submission of full applications for European Regional Development Fund for the Black Country AIM for GOLD (Advice Investment and Market Development and Growth Opportunities Local Delivery) Project and the Smart Intelligence Infrastructure Investment I³, should the outline application be successful.  External funders usually required the Council to enter into a Grant Funding Agreement outlining what the resource could be used for and rules and regulations relating to the funding source. It was therefore proposed that authority be delegated to Cabinet Members for City Economy and Resources, in consultation with the Strategic Director for Place and the Director of Finance to enter into such agreements and approve budgets relating to successful bids or extensions to projects.

Resolved:

1.     That the submission of a full application to the European Regional Development Fund (ERDF) for the Black Country AIM for GOLD (Advice Investment and Market Development and Growth Opportunities Local Delivery) Project be approved.

2.     That authority be delegated to Cabinet Members for City Economy and Resources, in consultation with the Strategic Director Place and Director of Finance to enter into Grant Funding Agreements and approve budgets relating to successful bids or extensions to projects.

3.     That the development of a full application for ERDF funding for a Smart Intelligence Infrastructure Investment I³ project should the outline application be successful be approved.