| 21/39 | APPROVAL TO ACCEPT £70,000 CAPACITY REVENUE FUNDING TO DELIVER TOWNS FUND BUSINESS CASES | APPROVAL TO ACCEPT £70,000 CAPACITY REVENUE FUNDING TO DELIVER TOWNS FUND BUSINESS CASES
The Senior Regeneration Officer presented a summary of the report to the Portfolio Holder for Corporate and Finance.
The Officer advised that the report related to 70K funding related to the Town Investment Plan.
Mansfield District Council submitted the Town Investment Plan in October 2020 to MHCLG for circa £25M, and was in receipt of a decision from MHCLG earlier this year offering Mansfield District Council £12.3M. Mansfield District Council have formally accepted the Heads of Terms.
On 21 March 2021 the Council was informed that to support the development of the Investment Plan the Council would be offered £70K Revenue funding.
The funding would support business cases across the proposed project. The Council have 1 year from the date of the acceptance of the terms to deliver the business cases.
The Portfolio Holder for Corporate and Finance stated that the work was vitally important and that he was happy to accept the recommendation as indicated in the report:
(i) That £70,000 of capacity revenue funding be accepted from the Town Fund to assist in the preparation of Town Deal Business Cases as agreed in the Heads of Terms document agreed and signed by Mansfield District Council on Behalf of the Place Board.
Report of Senior Regeneration Officer
Decision Notice | RESOLVED BY THE PORTFOLIO HOLDER FOR CORPORATE AND FINANCE:
(i) That £70,000 of capacity revenue funding be accepted from the Town Fund to assist in the preparation of Town Deal Business Cases as agreed in the Heads of Terms document agreed and signed by Mansfield District Council on Behalf of the Place Board. |