Decision details

Sheffield Central Retail & Business District Enabling Works - SCRIF

Decision status: Recommendations Approved

Is Key decision?: Yes

Purpose:

Seek approval to enter into a funding agreement with SCR, to accept £3,514,000 from the Sheffield City Region Investment Fund (SCRIF) towards a package of enabling works for the Sheffield Central Retail and Business District.

Decision:

The Cabinet Member approves the Council entering into a funding agreement with the Sheffield City Region Combined Authority on the terms outlined in the Report.

Reasons for the decision:

To enable the Council to accept funding from SCRIF to contribute to the works outlined above.

Alternative options considered:

Do nothing – The extent and cost of the works outlined above is such that it could not be delivered purely by the private sector at this time, due to its impact on viability. No SCRIF would result in some of the works not being delivered and/or have a detrimental impact on the scope and quality.

Publication date: 15/03/2017

Date of decision: 15/03/2017

Effective from: 22/03/2017

Accompanying Documents: