Decision Maker: Executive Director, Place
Decision status: Recommendations Approved
To provide the context for a recommendation to accept a government grant offer from the Ministry of Housing, Communities and Local Government (MHCLG) of £15.817m of capital funding from the Future High Streets Fund (FHSF).
That the Executive Director of Place:
1. This successful award is the culmination of two years of coordinated and comprehensive work to evidence the business case and associated benefits for the proposed improvements to Fargate and the High Street.
2. Acceptance of this capital funding provides secures resources to address many of the issues Fargate/High Street faces now and in the future.
1. Do nothing
Not accepting MHCLG funding of £15.8m would mean foregoing the opportunity to deliver significant capital interventions along Fargate and the High Street and the associated economic, environmental and social benefits. Not acquiring property could mean viable opportunities to deliver key interventions with FHSF are lost or become more complex to deliver.
Publication date: 04/05/2021
Date of decision: 28/04/2021
Accompanying Documents: