Decision details

To consider for the County Council reallocate the Local Growth Fund monies received in 2015/16 between approved Local Growth Fund projects

20.1     The Lead Member considered a report by the Director of Commuities, Economy and Transport.

DECISIONS

20.2     RESOLVED to (1) agree to re-profile the South East Local Enterprise Partnership’s Local Growth Fund allocation within the agreed arrangements under the South East Local Enterprise Partnership Accountability and Assurance Framework;

(2)        agree that all the available funding is re-allocated in 2015/16 on approved priority East Sussex schemes that are able to be brought forward for spend in this financial year;

(3)        agree that the S151 Officer recommend to South East Local Enterprise Partnership’s Local Growth Board for East Sussex (Team East Sussex) under its ‘advisory capacity’ to formally agree the variation under the Local Accountability arrangements; and

(4)        delegate authority to the S151 Officer to take any further actions required to enable the request for variation to be taken to the South East Local Enterprise Partnership Accountability Board for approval on 13 November 2015.

Reasons

20.3     It is important for the County Council and Team East Sussex to take full advantage of the flexibility available in the re-allocation of the funding to drive forward economic growth.  There is a total of £7.35m now available to reallocate in this financial year to approved schemes.  The Government is clear that the Local Growth Fund monies should be spent in the year in which it is allocated.