Decision details

(i)          To approve for the City Council to act as accountable body for the £2m  LUSEP funding awarded to the LLEP as part of the City Deal

(ii)        To agree that the funding is to be added to the capital programme

(iii)       To delegate authority to the Strategic Director for City Development and Neighbourhoods, in consultation with the Director of Finance to agree the terms of the grant to Loughborough University.

In establishing Local Enterprise Partnerships (LEPs) the Government required that a local authority would act as the accountable body for the administration of grant and other funding received on behalf of the LEP.  The City Council has acted as such since April 2011.

No other applicable options.