Purpose

The Council is the Limited
Partner of the SY JESSICA Fund and under the terms of the Limited
Partnership Agreement the Fund is required to secure Council
approval for certain operational matters including securing
additional.
 
This proposal is to secure
Council approval for the SY JESSICA Fund to enter into a Grant
Funding Agreement with the South Yorkshire Mayoral Combined
Authority for a value of £3m and thereafter invest in
commercial property development across South Yorkshire to
accelerate the opportunities but having Investment Zone
status.  The funding will be used
specifically on developments that align with the Investment Zone
‘vision’.
 

Content

That the General Partner of the
SY JESSICA enters into a Grant Agreement with the South Yorkshire
Mayoral Combined Authority for £3m in respect to development
in the South Yorkshire Investment Zone together with the associated
Investment Strategy.