20.1 The Lead Member considered a report by the Director of Communities, Economy and Transport.
DECISIONS
20.2 The Lead Member RESOLVED to (1) Approve grant funding to the value of £1.08m to the Eastbourne under 10m Fishermen’s Community Interest Company (Eu10CIC) to fund the delivery of Eastbourne Fisherman’s Quayside and infrastructure development project (subject to the approval of the business case by the SELEP Accountability Board on 3 July 2020); and
(2) Delegate authority to the Director of Communities, Economy and Transport to agree the terms of the grant agreement and to take all other necessary actions in respect of Recommendation 1.
Reasons
20.3 The Eastbourne Fisherman’s Quayside and Infrastructure Development project supports the delivery of the SELEP’s strategic objectives as outlined in the LEP’s Economic Strategy Statement 2019 and emerging Local Industrial Strategy, 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’.