Decision Maker: Director of Capital & Housing Delivery

Outcome: Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: June 25, 2025

Purpose: The Somer Valley Enterprise Zone (SVEZ) has been awarded an additional £9.3m of funding from the WECA Investment Fund. The funding will enable the delivery of the scheme including land acquisition, highways technical design and the procurement of contractors. The approval to accept was delegated to the Director of Capital & Housing Delivery in consultation with the S151 Officer under decision E3606.

Content: To accept the grant offer and approve a further £9.3m of WECA funding to the approved SVEZ capital budget.

Alternative options considered: None. Funding required to deliver the development of the SVEZ.