Council and Democracy

Issue details

Sheffield City Region Investment Fund – Funding Agreements

Decision type: Key

Decision status: Recommendations Approved

Notice of proposed decision first published: 08/02/2016

Reason for urgency:
The report has been prepared in response to the requirement of the Sheffield City Region Combined Authority (SCR CA) requirement that Local Authorities be the project sponsor for Sheffield City Region Investment Fund Schemes (SCRIF), this requirement has only recently been notified to us and some time has been spent attempting to overturn this decision however this has not proved fruitful. Chesterfield Waterside Ltd will be the ultimate beneficiary of the grant funding and the timing of the delivery of the scheme did not factor in this additional legal work and decision making process (as it was not known about at the time), the scheme is ready to commence expenditure and further delays in finalising the funding agreement will mean that expenditure will slip and a risk that grant funding could be lost and the scheme not progressing as planned.

Decision due: 23 Feb 2016 by Cabinet

Decision due: 25 Feb 2016 by Council

Department: Leader and Cabinet Member for Regeneration

Contact: Laurie Thomas Email: laurie.thomas@chesterfield.gov.uk Tel: 01246 345256.

Key decision No.: 613

Documents

  • Report of the Economic Development Manager