Issue - decisions
Somer Valley Enterprise Zone (SVEZ) Additional Investment Fund Funding (WL)
07/05/2025 - Somer Valley Enterprise Zone (SVEZ) Additional Investment Fund Funding (WL)
(1) To increase the provisional capital programme item for the Somer Valley Enterprise Zone from £2.6m to £11.9m to incorporate the additional £9.3m external funding from WECA.
(2) To delegate authority to the Director of Capital and Housing Delivery in consultation with the S151 Officer to:
(i) Make variations to funding agreements via the Change Request procedure.
(ii) Move provisional capital approval to full approval upon entry to funding agreements and commitment to proceed on expenditure.