Issue - meetings

Item referred from Economic Regeneration Advisory Board of 26 February 2014

(Item ERG 14/4 referred from Economic Regeneration Advisory Board minutes of 26 February 2014)

Consideration of recommendations to the Cabinet from the Economic Regeneration Advisory Board of 26 February 2014.

The Cabinet resolved that:

The recommendations of the Economic Regeneration Advisory Board be approved as follows:

1)                                               the outcome of discussions with local traders held to date be noted; and

2)                                               authority be delegated to the Cabinet Members for Economic Regeneration and for Finance, Innovation and Property to make decisions regarding applications for grant support from local traders groups.

Item ERG 14/4 referred from Economic Regeneration Advisory Board minutes of 26 February 2014

Decision Notice D140044CAB

The report provided an update on the engagement with traders from the Borough’s local retail centres and sought agreement for a revised process for approving applications for grant support.

Following consideration by the Economic Regeneration Advisory Board, the Cabinet Member for Economic Regeneration resolved that:

1)               the outcome of discussions with local traders held to date be noted; and

2)               authority be delegated to the Cabinet Members for Economic Regeneration and for Finance, Innovation and Property to make decisions regarding applications for grant support from local traders groups.

The report of the Chief Executive provided an update on the engagement with traders from the Borough’s local retail centres and sought agreement for a revised process for approving applications for grant support.

Members were pleased to note that all meetings held to date had resulted in positive and productive discussions.  The main issues arising from these meetings were summarised in the report. 

In addition, the offer of grant funding had been welcomed by local traders.  However, an extension to the original deadline had been requested due to the tight timescales involved for some groups.   To enable grant decisions to be made quickly it was proposed that Cabinet grant delegated authority to the Cabinet Members for Economic Regeneration and for Finance, Innovation and Property to determine grant applications and for those decisions to be reported to a further meeting of the Advisory Board for information.

RECOMMENDED: That

(1)             the outcome of discussions with local traders held to date be noted; and

(2)            authority be delegated to the Cabinet Members for Economic Regeneration and for Finance, Innovation and Property to make decisions regarding applications for grant support from local traders groups.