Issue - meetings

Meeting: 25/11/2019 - Cabinet (Item 35)

35 Town Centres Funding pdf icon PDF 211 KB

Key Decision

Portfolio Holder for Place, Planning and Regeneration: Councillor Matthew Relf

Decision:

RESOLVED that

a)    the Council’s successful first stage bid to the Future High Streets Fund and the acceptance of £95k revenue funding from the Fund, be noted;

 

b)    the submission of a bid to the second stage of the Future High Streets Fund be supported;

 

c)    the acceptance of the £324k revenue funding for the Towns Deal for Kirkby and Sutton (£162k per town), be noted;

 

d)    delegated authority be granted to the Director of Place and Communities, in consultation with the Portfolio Holder for Place, Planning and Regeneration, to oversee the process for setting up a joint board, producing a Joint Town Investment Plan and submitting a business case to access Town Deal funding for Kirkby and Sutton.

 

Minutes:

Cabinet were asked to note the progress of the Future High Streets Fund (FHSF) bid and to approve the submission of a bid to the second stage of the Fund including an update on the Towns Funding for Kirkby in Ashfield and Sutton in Ashfield.

 

Members considered the alternative option of declining to progress a bid to the second stage of the Future High Streets Fund but acknowledged that funding opportunities for town centres were limited and the Council had been

awarded a revenue grant of £95k to support preparation of the bid.

 

In relation to the Town Deals initiative, Members also considered the alternative option of declining to accept the opportunity provided through the Town Deals initiative for Kirkby and Sutton.   It was again acknowledged, that funding opportunities for town centres were limited and the Council had been awarded a revenue grant of £162k for each town to support preparation of the Town Investment Plans and business cases.

 

RESOLVED that

a)    the Council’s successful first stage bid to the Future High Streets Fund and the acceptance of £95k revenue funding from the Fund, be noted;

 

b)    the submission of a bid to the second stage of the Future High Streets Fund be supported;

 

c)    the acceptance of the £324k revenue funding for the Towns Deal for Kirkby and Sutton (£162k per town), be noted;

 

d)    delegated authority be granted to the Director of Place and Communities, in consultation with the Portfolio Holder for Place, Planning and Regeneration, to oversee the process for setting up a joint board, producing a Joint Town Investment Plan and submitting a business case to access Town Deal funding for Kirkby and Sutton.

 

Reason:

The Future High Streets and Town Deal funding present a tremendous opportunity to secure investment for Kirkby and Sutton. Transformative regeneration benefits would be realised for the towns, with areas re-purposed, reducing over-reliance on retail and helping to create a sustainable future for the towns, delivering long term economic and productivity growth.