Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: July 31, 2025

Purpose: To provide an update on work done so far and approve the use of allocated capacity funding provided by MHCLG to develop a new Regeneration Plan and Investment Plan for Boston for submission as per Government guidance.

Content: Resolved:   1.    That all revenue capacity funding provided by Central Government be accepted and released in order to support the development of a new ten year regeneration plan for Boston;   2.    That authority be delegated to the Director of Economic Development to agree and expend all capacity funding provided by Central Government, in consultation with the Portfolio Holder for Economic Growth and a steer from the Town Board;   3.    That authority be delegated to the Director of Economic Development to approve and enter all of the necessary contractual arrangements to progress the submission of a ten-year Regeneration Plan and four year investment plan for Boston in consultation with the Portfolio Holder for Economic Growth and a steer from the Town Board;   4.    That authority be delegated to the interim Director of Finance in consultation with the Portfolio Holder for Economic Growth and the Director of Economic Development, to draw down up to £170,000 from the Economic Growth Reserve in order to meet proposed spend for 25/26 outlined in section 3.3 within the report; and   5.    That authority be delegated to the interim Director of Finance in consultation with the Portfolio Holder for Economic Growth and the Director of Economic Development to draw down additional sums from the balance sheet account up to £52,000.

Reasons for the decision: To enable officers to progress the development of the Plan for Neighbourhoods. submission for Boston to meet the time constraints of the programme.

Alternative options considered: ·         To not accept or allocate the grant funding for the intended purpose; or   ·         To seek to identify and agree an alternative accountable body lead for the Plan for Neighbourhoods programme.