Decision details
Somer Valley Enterprise Zone Additional Investment Fund
Decision Maker: Director of Capital & Housing Delivery
Decision status: Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
The Somer Valley Enterprise Zone (SVEZ) has been awarded an additional £9.3m of funding from the WECA Investment Fund. The funding will enable the delivery of the scheme including land acquisition, highways technical design and the procurement of contractors. The approval to accept was delegated to the Director of Capital & Housing Delivery in consultation with the S151 Officer under decision E3606.
Decision:
To accept the grant offer and approve a
further £9.3m of WECA funding to the approved SVEZ capital
budget.
Alternative options considered:
None. Funding required to deliver the
development of the SVEZ.
Publication date: 25/06/2025
Date of decision: 25/06/2025