Issue - meetings

This report has an appendix which contains information exempt within the meaning of Schedule 12A to the Local Government Act 1972 and is not for publication. The appendix has therefore been circulated to Cabinet Members only.

Any discussions on the contents of an exempt appendix will require Cabinet to pass the proposed resolution identified at the end of the agenda to exclude members of the public and the press from the proceedings for that discussion.

Councillor Ben Coleman presented the report on behalf of Councillor Andrew Jones. He stated that it was part of the Administration Manifesto commitment to revive North End Road. He informed that the Council had been successful with an application to the Mayor of London’s Good Growth Fund. The fund would allow access to £1m of external funding to implement a range of improvement projects for North End Road. This would enable to improve the safety and space for pedestrians and cyclists, would support the growth and viability of the street market and high street, provide support for existing market traders, attract new market traders, increased customer choice, amongst other benefits. This report requested approval to establish a budget for the project and how the Council intended to provide match funding. Prior to implementation of the projects and throughout delivery there would be extensive engagement with stakeholders to review the emerging priorities for North End Road.

Councillor Sue Fennimore stated that the revival of North End Road and the marked would offer significant support to local residents and affordable, healthy food. She reminded everyone about the great importance of the local markets across the whole borough.

RESOLVED:

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    To note that Appendix 2 is not for publication on the basis that it contains information relating to the financial or business affairs of any particular person (including the authority holding that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.