Issue - decisions

Resolved:

1.    That all revenue capacity funding provided by Central Government be accepted and released in order to support the development of a new ten year regeneration plan for Boston;

2.    That authority be delegated to the Director of Economic Development to agree and expend all capacity funding provided by Central Government, in consultation with the Portfolio Holder for Economic Growth and a steer from the Town Board;

3.    That authority be delegated to the Director of Economic Development to approve and enter all of the necessary contractual arrangements to progress the submission of a ten-year Regeneration Plan and four year investment plan for Boston in consultation with the Portfolio Holder for Economic Growth and a steer from the Town Board;

4.    That authority be delegated to the interim Director of Finance in consultation with the Portfolio Holder for Economic Growth and the Director of Economic Development, to draw down up to £170,000 from the Economic Growth Reserve in order to meet proposed spend for 25/26 outlined in section 3.3 within the report; and

5.    That authority be delegated to the interim Director of Finance in consultation with the Portfolio Holder for Economic Growth and the Director of Economic Development to draw down additional sums from the balance sheet account up to £52,000.