Decision details

The report to Cabinet provided Members with the Clay Cross Towns Fund Town Centre Regeneration Business Case. The Partnership Development Officer also summarised what the proposals would do in terms of creating a community hub.

Cabinet discussed the report. Members supported the recommendations and thanked the officers involved in putting the Business Case together in time for the submission deadline.

RESOLVED

(1)      The Towns Fund business case for Town Centre Regeneration presented provides the assurance that the project represents good value for money for the public.

(2)      To delegate authority to S151 Officer, in consultation with Portfolio Holder for Economy, Transformation and Climate and upon receipt of the business case assurance to finalise the documents to a ‘Ready to Proceed’ position as required

(3)      That the project is recommended to Clay Cross Town Board for consideration and approval.

REASONS FOR DECISION - The Economic Case undertakes a value for money assessment in line with Department for Levelling Up, Housing and Communities Towns Fund guidance. The timing of this decision cannot be delayed due to deadlines imposed by DLUHC. If the decision was delayed to another Cabinet meeting, the submission to government in line with the agreed timescales would be missed.

OTHER OPTIONS CONSIDERED AND REJECTED - Do nothing, reduced option or expanded option.