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RESOLVED
 
KEY DECISION
 

That the
Executive

 

a) 
Accepted the allocation of £5m of capital
funding through the Levelling Up Fund and noted the funding
criteria;

 

b) 
Delegated authority to the Leader of the Council to
establish and agree membership of a Councillor and Officer Panel to
consider projects to be shortlisted for inclusion in the
Councils’ Investment Plan. The Panel to include the leaders
of the recognised political groups of the council and  two local heritage and culture sector
representatives.
 

c) 
Delegated authority to the Leader in consultation
with the Executive Director (Deputy Chief Executive) for Place and
Economy) to approve and implement the Terms of Reference of the
Panel as detailed in Appendix A to the report noting any prescribed
requirements attached to the allocation of funding ; and

 

d) 
Delegated authority to the Leader in consultation
with the Executive Director for Place & Economy ( Deputy Chief
Executive) and Executive Director for Finance & Performance, to
consider and accept recommendations from the Panel and submit the
Investment Plan to Government.

 

 

 

 

 
Reason for
Recommendations: To provide a mechanism for the Investment Plan to
be agreed and submitted by the deadline set by Government of
10th May 2024 and to ensure compliance with the funding
requirements in respect of projects.

 

 

Alternative
Options Considered: The Council does not submit an Investment Plan.
This is not recommended as the Council would lose the opportunity
to access the £5m investment fund to support cultural
assets.