(i) The decision of Cabinet on 6th September 2010 which approved the key features relating to establishing the LLEP, specifically the City Council acting as the accountable body for the LLEP, be noted;
(ii) The City Council become the accountable body for the Regional Growth Fund grant monies from central government; and
(iii) The Strategic Director for City Development and Neighbourhoods, in consultation with the Director of Finance, be given delegated authority to formally approve the outgoing grants(as between the City Council and third parties), as recommended by the LLEP Board and thereafter to authorise the City Barrister/ Head of Standards to complete Agreements with the grant recipients.