Purpose

The purpose of this report is
to determine the legal, financial and governance arrangements in
relation to the administration of the District Council’s
RESPF allocation to include approval of the utilisation of the fund
for 2023-24 and the associated processes, decision making
structures and grant funding agreements.

Content

AGREED that for 2023-24 the
RESPF monies should be allocated exclusively for business growth
purposes. The split of the 2024-25 RESPF to be allocated between
business growth and community and place and will be determined at a
future meeting of the Cabinet.