Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: February 24, 2026

Purpose:

Content: That Cabinet:   a)      note the two bids being developed by towns within the district;   b)      approve a net expenditure budget of up to £10,000 (up to £5,000 per town) to be added in 2025/26 to support and facilitate towns in Newark and Sherwood in the development of their Expressions of Interest, with the allocation of funding to be subject to a lead organisation being formally identified through a partnership and subject to proof of expenditure;   c)      subject to either or both bids being shortlisted, Newark & Sherwood District Council to be the accountable body if required as a partner organisation in any bid developed within the district for the 2028 UK Town of Culture; and   d)      subject to c above, the net expenditure budget and income budget of up to £120,000 be added in the respective financial year, should either or both towns from within Newark and Sherwood be shortlisted at the Expression of Interest stage for the £60,000 grant.