Decision details

1.                  That approval be given to the use of section 106 funds for economic development purposes as set out in the report, specifically sections 4 & 6 and Appendix 1, for the period April 2014 to March 2017, subject to satisfactory annual review, to a maximum value of £2.3 million and noting that £1 million of the £2.3 million proposed expenditure has yet to be received by the Council and would not be committed until received.

2.                  That Cabinet receive quarterly monitoring reports and an annual review of progress.

3.                  That authority be delegated to the Executive Director of Housing and Regeneration to approve any employment and enterprise programme variations and decisions under £50,000 over the funding term (April 2014 to March 2017). 

4.                  That the Leader of the Council, as lead Economic Development Member, award any subsequent contract(s) that may be let as a result of this decision where the value exceeds £100,000 but less than £500,000, be approved.