RESOLVED:

That Cabinet agreed to recommend to Council to:

1. Approve the acceptance of the Levelling Up Fund Grant award from the Department for Levelling Up, Housing and Communities (DLUHC), and instruct officers to progress the associated projects.
2. Approve financing of the Council’s cash match funding requirement of £3.793m from borrowing with an associated annual revenue impact of £0.269m
3. Approve the inclusion of enabling and infrastructure works associated to the Levelling Up Fund Award, within the planning application(s) for the demolition of the Riverside Shopping Centre and the former Riverside medical practice, as recommendation 3.2 approved in the Council report titled ‘Shrewsbury Town Centre Redevelopment Phase One’ 16 February 2022.
4. Delegate to the Executive Director of Place in consultation with the Section 151 officer and the Portfolio Holder for Economic Growth, Regeneration and Planning to:
4.1. Proceed with compiling the full financial details and business case for the scheme for inclusion in a further report for consideration by Council.
4.2. Progress a procurement and delivery strategy for the projects summarised in items 2.2 above.