Purpose

This report seeks Cabinet
endorsement of the Wisbech Town Board Plan for Neighbourhoods
Regeneration Plan, which has been developed and provisionally
approved by the Wisbech Town Board. The Regeneration Plan forms the
submission of the Town Board to Government to unlock £20m of
endowment style funding across the next ten years from 2026 onwards
for revenue and capital projects in Wisbech.
 
FDC has representation on the
board via its membership and acts as the accountable body for the
funding, monitoring defrayal and managing governance of the funds
in line with procurement and finance principles of the Authority.
FDC is responsible for submission of the document on behalf of the
Town Board.
 
The Plan represents the
evolution of the previous strategic framework for the Long-Term
Plan for Towns, aligning with national priorities for regeneration
and local place-making. There is also an expectation that following
the submission, the scheme will be rebranded again in line with the
new Pride in Place brand from government.
 
Cabinet is being asked, as a
partner of the Town Board, to endorse the Plan for submission to
Government by 28 November 2025, in accordance with the requirements
of the Plan for Neighbourhood programme.
 
The Plan includes a draft
4-year year investment plan, outlining proposed projects for
delivery. This strategy remains flexible to accommodate changing
local circumstances and priorities and projects can change as The
Board moves through the ten-year delivery phase.

Content

AGREED to:
·        
Endorse the Wisbech Town Board Price in Place
Regeneration Plan for submission to Government by 28 November
2025.
·        
Delegate authority to the High Street Project
Manager, in consultation with the Portfolio Holder based upon
recommendations of the Town Board, to make any necessary amendments
to the Plan prior to submission, should local circumstances or ongoing consultation outcomes
change.
·        
Authorise officers to enter all relevant legal and
financial arrangements to bring the Plan into effect, subject to
future Cabinet/Officer approvals as required.