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RESOLVED
 
KEY DECISION
 

That the
Leader:

a) 
Agreed that the projects listed in Appendix A should
be included in the Investment Plan which is submitted to
Government

b) 
Agreed that, should the bid by the BHVA Axis Hub
Community Interest Company to Round 4 of the Community Ownership
Fund be unsuccessful,   funding for
this project in the Investment Plan would be redirected to
Adrenaline Alley to fund improvements increasing capacity to host
cultural activities and events

c) 
Delegated authority to the Executive Director for
Place & Economy (Deputy Chief Executive) and Executive Director
for Finance & Performance, to submit the Investment
Plan.

Reason for
Recommendations: To agree the Investment Plan which must be
submitted by the deadline set by Government of 3 June 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
projects.  The inclusion of Adrenaline
Alley as a contingency project helps to mitigate the risk of losing
funding to the area.