Decision details

London Enterprise Panel : New Homes Bonus topslice programme

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

DWP has top sliced the New Homes Bonus budget and allocated it to the London Enterprise Panel. Each London Borough has then been required to bid for the funding top sliced from their borough. For LBHF this is estimated as £1.6m.

Activities have been required to align with LEP priorities. We have bid for a mixture of enterprise, employment and planning support.

This report gives detail of the programme and asks for agreement of the Cabinet to accept the funding and deliver the programme of activities.

Decision:

1.1.              That approval be given to enter into an agreement with London Councils and the Greater London Authority (GLA) for New Homes Bonus Funding (NHB) and accept NHB funding of £1,617,842 as set out in this report.

 

1.2.              That authority be delegated to the Cabinet Member for Economic Development and Regeneration, in conjunction with the interim Chief Executive and the Director for Planning, to agree and sign off the agreement with the GLA and any commissioning processes to secure employment, contracts and business support using this funding from 1 April 2015 to 31 March 2017.

Report author: Ingrid Hooley

Publication date: 31/03/2015

Date of decision: 30/03/2015

Decided at meeting: 30/03/2015 - Cabinet

Effective from: 08/04/2015

Accompanying Documents: