Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: February 5, 2025

Purpose:

Content: Resolved:-   (1)          that Cabinet approves the acceptance of grant funding of £18,063,128 from the Government’s Levelling Up Fund for Grove Lane subject to the conditions set out in an agreed Memorandum of Understanding and subject to an acceptable Financial Appraisal;   (2)          delegate authority is given to the Executive Director – Finance and Transformation to provide the 10% match funding contribution to the Grove Lane Levelling Up Fund programme of £2,007,014, including via prudential borrowing if necessary;   (3)          delegate authority is given to the Executive Director – Place to finalise and enter into a Memorandum of Understanding with the Ministry of Housing, Communities and Local Government;   (4)          delegate authority is given to the Executive Director – Place to undertake all necessary steps/actions to acquire relevant sites in line with the Council’s land and property policies;   (5)          delegate authority is given to the Executive Director – Place, in consultation with the Executive Director – Finance and Transformation and Assistant Director Legal and Assurance, to enter into any necessary legal agreements, submit any necessary planning applications/agreements, undertake all necessary procurement processes (including entering into contracts for the provision of goods and services and any direct contract awards), and undertake/exercise all other necessary action/powers necessary to deliver the Grove Lane Levelling Up scheme.