Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: December 3, 2024

Purpose:

Content: 1.    That the Council, through its budget setting process, establishes a £20m economic investment fund (Fund) through its capital programme for the years 2025 – 2030 to fund the priority areas detailed in the report.   2.    That authority be delegated to the Executive Director (Place), in consultation with the Leader of the Council, to take all decisions necessary to implement the Fund in accordance with the priority investment areas detailed in the report.  Where any business cases arising from the Fund are in excess of £500k they shall be referred to the Leader of the Council for approval in accordance with Rule 8.9 of the Financial Regulations within the Constitution, and that these business cases be subject to consideration by the relevant scrutiny committee prior to a decision being taken.