Issue details

UK Shared Prosperity Fund (UKSPF) have awarded £717k grant to fund regeneration of Radstock Town Centre and additional improvements for the Midsomer Norton Town Centre Renewal Programme. It will fund the following projects:
a. £350k capital contribution to the Midsomer Norton High Street Renewal programme, including the Town Hall improvement project;
b. £17k revenue funding to support Unit 14 in Midsomer Norton, a community space managed by the Midsomer Norton Community Trust set up for community use during the Town Hall improvement project;
c. £250,245k contribution to Radstock Trinity Church redevelopment; and
d. £100k revenue funding for a Radstock Cultural Programme (including £10k for Radstock museum).

The purpose of this decision is to accept the £717k UKSPF grant funding and approve budget increases due to the UKSPF grant, a £200k uplift in grant from WECA towards the creation of a multi-use market square in Midsomer Norton and a £137k allocation of community infrastructure levy for the Midsomer Norton High Street Renewal programme which includes £112k for the Town Hall Improvement Project.