Purpose

To accept £9.3m of WECA Investment Fund
grant into the SVEZ capital programme.

Decision

(1) 
To increase the
provisional capital programme item for
the Somer Valley Enterprise Zone from
£2.6m to £11.9m to incorporate the
additional £9.3m external funding from
WECA.
 
(2) 
To delegate authority
to the Director of Capital and Housing Delivery in consultation
with the S151 Officer to:
 
(i) 
Make variations to
funding agreements via the Change Request procedure.
(ii) 
Move provisional
capital approval to full approval upon entry to funding agreements
and commitment to proceed on expenditure.