Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
RESOLVED: That Cabinet;
a) Noted the activity made to date, timescales and next steps for the Levelling Up Fund applications.
b) Delegated Authority to the Executive Director of Place, Economy and Environment in consultation with the Executive Director of Finance and the Cabinet Member for Economic Development, Town Centre Regeneration and Growth and approved the final two bids being made to the LUF round two, subject to any Council funding contribution also being in place before submission.
c) Recommended to Council Subject that, subject to the business case, and the capital and revenue implications stemming from it, being endorsed by the Chief Finance Officer and the relevant portfolio holders, that it approves the additional £21m.
The recommendation was made to enable West Northamptonshire Council to make 2 submissions of up to £20m (up to £40m in total) of Government funding to improve infrastructure across the area for the communities that the council serves.
To not approve the submission of bids into the LUF. This would mean that the council would miss out on the opportunity to receive funding from round two of the LUF. There is no guarantee that there will be a third round of LUF and this would mean that WNC would receive no grant funding.
Publication date: 14/06/2022
Date of decision: 14/06/2022
Decided at meeting: 14/06/2022 - Cabinet