Decision details
Cleveland Pools Trust Capital Grant
Decision Maker: Cabinet Member - Finance and Efficiency
Decision status: Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To enable Cleveland Pools project to proceed to next stage by slight revision of terms of grant already fully approved.
Decision:
The Cabinet Member agrees that a further £50K grant, which was allocated in the February 2014 Budget report, be approved for immediate release to the Cleveland Pools Trust.
In addition the Cabinet Member agrees the remaining £50K of this original allocation should be set aside to fund the Council’s due diligence work (to support the further grant of £200K, which at this stage has only provisional approval pending the Trust completing its business case and securing sufficient other external funding).
Reasons for the decision:
The grant will enable the Trust to secure £4.5M of external funding to restore this important building and bring it back into effective use.
Alternative options considered:
None.
Publication date: 05/06/2017
Date of decision: 02/06/2017
Effective from: 13/06/2017
Accompanying Documents:
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