Issue - meetings

Town Deal Capacity Funding

Meeting: 04/02/2020 - Cabinet (Resources) Panel (Item 8)

8 Town Deal Capacity Funding pdf icon PDF 153 KB

[To approve the establishment of a supplementary revenue budget]

 

Decision:

That the establishment of a supplementary revenue expenditure budget of a minimum of £173,000 within the 2019-2020 approved budget, with any unspent grant being applied in 2020-2021 be approved. This expenditure is fully funded by the Town Deal Fund Capacity Grant from the Ministry of Homes, Communities and Local Government and would therefore have no effect on the Council’s net revenue budget.

Minutes:

Councillor Louise Miles sought approval to establish a supplementary revenue expenditure budget of a minimum of £173,000 for Town Deal capacity funding within the 2019-2020 approved budget, with any unspent grant being applied in 2021-2022. The funding would allow for the establishment of a Town Deal Board and Town Investment plan and the development of a full business case to access funding for specific interventions to deliver on the vision outlined in the investment plan.

 

Resolved:

That the establishment of a supplementary revenue expenditure budget of a minimum of £173,000 within the 2019-2020 approved budget, with any unspent grant being applied in 2020-2021 be approved. This expenditure is fully funded by the Town Deal Fund Capacity Grant from the Ministry of Homes, Communities and Local Government and would therefore have no effect on the Council’s net revenue budget.