Issue - decisions

MANAGEMENT OF FUNDS AS ACCOUNTABLE BODY TO THE LEICESTER AND LEICESTERSHIRE ENTERPRISE PARTNERSHIP - 2O17-18 FUNDING STREAMS

28/04/2017 - MANAGEMENT OF FUNDS AS ACCOUNTABLE BODY TO THE LEICESTER AND LEICESTERHIRE ENTERPRISE PARTNERSHIP - 2O17-18 FUNDING STREAMS

 

1)         That the 2017/18 Local Growth Fund capital grant of £23.97m received by the Council acting as Accountable Body to the LLEP be accepted and added to the capital programme.

 

2)         That £500k LLEP core funding be accepted.

 

3)         That the Director of Finance, in consultation with the Strategic Director, City Development and Neighbourhoods, be authorised to pay Local Growth Fund capital grants to the promotors of those schemes which the City Council is not undertaking itself.

 

4)         To approve the £4.1m 2017/18 LGF funding for the Leicester Waterside Strategic Regeneration Area (which is a City Council scheme) and add it to the capital programme. 

 

5)         To approve the £2.19m 2017/18 LGF funding for the Leicester Strategic Flood Risk Management Strategy (which is a City Council scheme) and add it to the capital programme, and delegate individual project approvals to the Director of Planning, Development & Transportation in consultation with the Assistant City Mayor.

 

6)         To approve £500k from the National Space Park/ Pioneer Park infrastructure 2017/18 LGF allocation to progress the infrastructure design works (which is a City Council scheme) and add it to the capital programme.

 

7)         That the Director of Finance, in consultation with the Strategic Director, City Development and Neighbourhoods, be authorised to guarantee up to £3.0m of the 2018/19 LGF to the North Warwickshire and Hinckley College for the completion of the skills training centre.

 

8)         That a further £11.12m be added to the Growing Places Fund capital programme approval, to enable new loan offers to be made, financed from repayments of earlier    loans.

 

9)         That it be noted that the LLEP has recently agreed that the Council should advance a further £150k to the HORIBA MIRA Enterprise Zone, to assist with development and marketing.