179 Future High Streets Fund PDF 87 KB
Additional documents:
Minutes:
Mr William Cornall,
Director of Regeneration and Place, informed the Committee of an
opportunity of the Council to make a bid to the Government’s
Future High Streets Fund. Mr Cornall relayed to the Committee that
this fund was intended to provide investment to ensure high streets
and town centres were fit for the future. The fund was worth
£675 million in total, with bids that could be made for a
maximum of £25 million but more typically between £5-10
million.
In response to a
question from the Committee, Mr Cornall confirmed that an
expression of interest would be sought to secure funding for one of
the sites already identified in the ‘Town Centre Opportunity
Areas’ project. There were two reasons for this. The first
was it was felt that a more focused bid on a specific area of the
Town Centre would be more likely to be successful than a large bid
for the whole Town Centre. The second was that it meant that some
of the preparatory work had already been undertaken, which would
form the basis of the expression of interest to be submitted to the
Ministry.
RESOLVED:
That delegated
authority is granted to the Director of Regeneration & Place,
in consultation with the Chairman and Vice Chairman of the Policy
and Resources Committee, to develop and submit an expression of
interest form to the Future High Streets Fund.
Voting: Unanimous