Issue - meetings

Future High Streets Fund

Meeting: 13/02/2019 - Policy and Resources Committee (Item 179)

179 Future High Streets Fund pdf icon 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