Decision

That Cabinet:
 

a)     
note the updates provided in relation to the Plan
for Neighbourhoods initiative including the recent name change
implemented by the UK Government of the ‘Pride in Place
Programme’ (PiPP) and the related role of the Newark Town
Board, as set out in section 2.0 of the report;

b)     
note and endorse the Newark Town Board’s PiPP
Regeneration Plan for submission to the UK Government by 28
November 2025 (subject to Board and Section 151 Officer approval),
comprising a 10-year vision document and four-year indicative
investment profile;

c)      
approve the addition of a revenue budget of
£1,502,000 and a capital budget of £5,306,000 required
for the first four years of the PiPP delivery (2026 to 2030) with
individual financial commitments to be approved by the Newark Town
Board and the Section 151 Officer. Both budgets remain subject to
the Council receiving sufficient assurance of funding through a
finalised Memorandum of Understanding (MoU) from the UK Government,
to be approved by the Section 151 Officer, as detailed further in
paragraphs 2.5 and 2.6 of the report; and
 

d)     
approve the proposed Newark Town Board Local
Assurance Framework (LAF), as provided in Appendix 3 of the report
and detailed further in paragraphs 2.12 and 2.13.