Decision details

To approve entering into a grant funding agreement with Greater London Authority for Good Growth Fund and to approve match funding strategy.

1.    To note that Appendix 2 is not for publication on the basis that it contains information relating to the financial or business affairs of any particular person (including the authority holding that information) as set out in paragraph 3 of Schedule 12A of the Local Government Act 1972 (as amended).

2.    To approve the strategy to provide match funding equivalent to £1,350,000, required to draw down the Good Growth Fund from the GLA as set out in the detailed analysis section of the report.

3.    To approve a new capital budget of £2,220,000 which is funded by the GLA’s grant and capital receipts if available or borrowing, with final confirmation of funding delegated to the Director of Finance in consultation with the Cabinet Member of Finance and Commercial Services.

4.    To approve a new, one-off, revenue budget of £30,000 for North End Road seasonal markets and training and development for new and existing market traders, funded by Neighbourhood CIL.