Issue - decisions
Local Growth Fund - Amendments to spend profiles 2017/18
24/01/2018 - Local Growth Fund - Amendments to spend profiles 2017/18
14.1 The Lead Member considered a report by the Director of Communities, Economy and Transport.
DECISIONS
14.2 The Lead Member RESOLVED to: (1) approve the additional allocation of Local Growth Fund grant monies to Sea Change Sussex, subject to the approval of the South East Local Enterprise Partnership’s Accountability Board, to fund the completion of the North Bexhill Access Road and the Queensway Gateway Road;
(2) approve the additional allocation of Local Growth Fund to Phase 1 of the Eastbourne Town Centre Movement and Access Package, subject to the approval of the South East Local Enterprise Partnership’s Accountability Board, to fund the completion of the Eastbourne Town Centre Improvement Scheme (Terminus Road);
(3) endorse the acceleration of spend in 2017/18 on the Eastbourne and South Wealden Walking and Cycling Package and the Devonshire Park Quarter Redevelopment, as agreed by the South East Local Enterprise Partnership’s Accountability Board; and
(4) delegate authority to the Director of Communities, Economy and Transport to approve the terms of any amended agreements and to take all other necessary actions in respect of recommendation 1 above.
Reasons
14.3 The North Bexhill Access Road and the Queensway Gateway Road are two of the major strategic Local Growth Fund deal schemes to come forward in East Sussex and their delivery is key to unlocking employment space and creating jobs in the A21/A259 Bexhill/Hastings growth corridor. The improvement of Terminus Road, Eastbourne is a key improvement that complements the significant private sector investment in the Arndale Centre extension.