Decision

AGREED      that Cabinet:
 

1.            
note the contents of this report and agrees to pause
the Ollerton and Clipstone Scheme after completion of RIBA2 design
due to ongoing delays with the issue of funding from Government and
endorse that the Chief Executive or/and the Deputy Chief
Executive/Director - Resources write to Government expressing deep
concerns and disappointment at the delays and seeking the
following:
 
That
Government:

a)       
Confirms to the Council, that given the delays since
the original LUF submission in summer 2022 and the delays since the
LUF 3 announcement in November 2023, an agreed extension to the
requirements to defray all LUF3 funding by 31 March 2026 to 31
March 2027;

b)       
Executes the Memorandum of Understanding (MoU)
before 31 July 2024 to allow immediate access to any needed
funds from the LUF 3 grant, allowing the project to continue to be
developed at pace; or

c)        
Release advance funding of £821,000 before 31
July 2024, to be deducted from the overall LUF3 grant allocation to
allow the project to continue to be developed at pace.
 

2.            
that subject to Government releasing the advance
funding of £821,000 as detailed at Recommendation 1c) above
that Cabinet approves the addition of £821,000 to the Capital
Programme. For the avoidance of doubt if the Government executes
the MoU as detailed at recommendation 1b) above the full amount of
Levelling Up Fund 3 grant will be transferred into the Capital
Program in accordance with the June Cabinet resolutions.