Minutes:
Pursuant to Cabinet Minute No. 15, the Head of Regeneration submitted an update report on the Waterside project, to seek Council approval to undertake infrastructure works on the site with a Growing Places Fund (GPF) loan from the Sheffield City Region Local Enterprise Partnership (SCR LEP).
RESOLVED –
(1) That the allocation of £40,000 from the Service Improvement Reserve be approved to be repaid from the first drawdown of GPF funding, in order to cover the fees associated with delivering works in advance of drawing down the loan.
(2) That the submission of a formal application to the Sheffield City Region LEP for a loan in the sum of £2.4m be approved to enable the Council to enter into a loan agreement with Sheffield City Council as the accountable body for the funds.