Decision details
Somer Valley Enterprise Zone - Funding Increase
Decision Maker: Director of Capital & Housing Delivery
Decision status: Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Purpose:
Somer Valley Enterprise Zone (SVEZ) is a planned new area for
commercial development on the western edge of Midsomer Norton. This
decision is to increase the approved funding for the project due to
additional work prior to submission of the Local Development Order
to the Local Planning Authority which has extended the time being
spent on the programme and it caps the funding up to completion of
the Outline Business Case +.
Decision:
Decision:
To fully approve capital amounting to £311k from the
provisional capital programme for the Somer Valley Enterprise Zone
and to be funded from WECA grant.
Alternative options considered:
There is no alternative option to completing
the work required for submission of the Local Development
Order.
Publication date: 05/03/2024
Date of decision: 05/03/2024