Decision details

To seek approval for the County Council to enter into grant agreements to transfer LGF round 3b monies as approved by the South East Local Enterprise Partnership to the Bexhill Creative Workspace project.

7.1       The Lead Member considered a report by the Director of Communities, Economy and Transport.

DECISIONS

7.2       The Lead Member RESOLVED to (1) Approve grant funding to the value of £0.96m to Rother District Council to fund the delivery of the Bexhill Creative Workspace project (following approval of the business case by the SE LEP Accountability Board on  13 September 2019); and

(2)        Delegate authority to the Director of Communities, Economy and Transport to agree the terms of any agreements and to take all other necessary actions in respect of Recommendation 1.

Reasons

7.3       The project supports the delivery of the SELEP’s strategic objectives as outlined in the new Economic Strategy Statement 2019, the East Sussex Growth Strategy strategic priorities and the County Council’s core priorities in ‘driving sustainable economic growth’ and ‘making best use of resources by maximising the funding available through external bidding’. 

7.4       As a result of the award by the SELEP Investment Panel and Accountability Board of grant funding to East Sussex of £0.96m through the SELEP Local Growth Fund Round 3b programme, the allocation of £0.96m funding to Rother District Council will fund the delivery of the Bexhill Creative workspace project.