Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: September 24, 2024

Purpose:

Content: That Cabinet:   a)       note and welcome the progress on the Towns Fund Programme; and   b)       approve, subject to agreement from the Newark Town Board, the following: i.               an increase to the Newark Cultural Heart delivery budget by £2,203,737 (made up of £2,110,000 from the Towns Fund Capital grant and £93,737 from the Towns Fund Revenue grant; ii.             delegate to the Director - Resources, in consultation with the Director - Planning & Growth, authorisation to submit a Project Adjustment Request form to Government seeking authorisation to re-allocate the remaining £2,203,737 detailed at b) ii from the Newark Gateway scheme to the Newark Cultural Heart project; and iii.           to undertake the Full Business Case and return to Cabinet for approval in late 2024.