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Decision details

Decision details

Growth Hub Project Extension

Decision Maker: City Mayor (Individual Decision)

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To approve an extension to the Growth Hub project with funding from the European Regional Development Fund (ERDF). This will enable businesses across Leicester and Leicestershire to access business support, including events, workshops, business grants and one to one support.

Decision:

Accept additional ERDF funding of £2m, increasing the total ERDF funding for the project to £5.9m and agree for the City Council to act as accountable body in relation to it and add £490k to the capital programme.

Reasons for the decision:

This project will enable additional externally funded support to be provided to small to medium sized enterprises in Leicester and Leicestershire, including the delivery of a grant scheme for businesses.

Alternative options:

To do nothing, would limit the support available to businesses which can help them to grow and develop which will in turn create new jobs and support Leicester’s economy.

Publication date: 29/11/2021

Date of decision: 29/11/2021

Effective from: 07/12/2021

Accompanying Documents: