Decision details

RESOLVED: That Cabinet;

A.    Noted the Towns Fund grant allocation to West Northamptonshire Council from MHCLG of £24.9m, subject to approval of stage two business cases for each project.

B.    Approved £110,000 of new WNC funding required to develop the stage two businesses cases for the Towns Fund as set out in points 4.26 – 4.31.

C.    Noted that each project business case will need to come back to Cabinet for consideration approval

REASONS:

The recommendation is being made so the regeneration of Northampton Town Centre can begin with the delivery of the Towns Fund projects.

ALTERNATIVE OPTIONS:

A.    To approve the funding required to develop the stage two business cases for the Towns Fund projects as described in this report.

B.    To not approve the funding for the next stage. This will mean that there is not the adequate resource to develop the business cases for all projects and the Council wouldn’t get awarded the full £24.9 million grant from Government

CONFLICT OF INTERESTS DECLARED AND DISPENSATIONS GRANTED: None.