Issue - decisions

The Cabinet Members agree:

1)  To fully approve £6.245m of the £9.012m provisionally approved 2017/18 capital budget for Innovation Quay - Economic Development Funding Enabling Infrastructure.

2)  To enter Agreement for Lease of the Newark Works for the operation of creative workspace.

3)  That the Strategic Director for Place in consultation with the Cabinet Member for Finance and Efficiency, Cabinet Member Economic Development and Strategic Director of Resources, is authorised to approve and enter new external funding agreements, including:

a)  LEP EDF funding agreements with the West of England (WoE) Local Enterprise Partnership (LEP) for infrastructure provision up to £7.0m supporting Bath Quays South.

b)  LEP LGF(or other grant) funding agreements with the West of England Local Enterprise Partnership (LEP) for additional funding supporting Bath Quay’s Bridge alongside CCAF funds approved under Decision E2838.

c)  LEP RIF funding agreement with the West of England Local Enterprise Partnership (LEP) for £1m additional financing towards flood mitigation approved under Decision E2538.