Purpose

To
approve the proposed approach to the delivery of the Levelling Up Fund project
and finances and to seek endorsement of the priorities for regeneration

Content

(a)  That
the successful bid to the Levelling Up fund and the approach and progress to
date, be noted.

 

(b)  That
the sum of £3.5m, be allocated to match funding as proposed to Department for
Levelling Up, Housing and Communities (DHLUC) in the Council’s LUF (Levelling
Up Fund) Bid from the approved Capital Programme.

 

(c)  That
subject to agreement of DHLUC, authority be delegated to the Executive Director
of Place, in consultation with the Portfolio Holder for Levelling Up and the
Executive Director of Corporate Development, the decision to reallocate
Levelling Up Funds from the proposed New Bond Street scheme to Weymouth Bowl
site scheme, and other sites as appropriate.

 

(d)  That
a further report to agree the approaches to development on the relevant sites
be presented to a future meeting of Cabinet.

 

Reason for the decision

 

This decision brings members up to date on the progress of
the Weymouth Waterside Regeneration bid to the Levelling Up Fund and takes the
next steps to allow further progress.