7.1 The Lead Member considered a report by the Director of Communities, Economy and Transport.
DECISIONS
7.2 RESOLVED to (1) note the final 2016/17 spend for the Local Growth Fund programme and the amount of funds that were re-profiled into the East Sussex County Council Capital Programme, as per option 4 in the SE LEP Assurance Framework; and
(2) agree the final scheme profiles for the Local Growth Fund programme in the 2017/18 financial year.
Reasons
7.3 There has been slippage on spend in 2016/17, in most cases of a short term nature with spend occurring in the early quarters of 2017/18. A rigorous assessment of projects has been undertaken through our programme management approach which has led to a more realistic forecasting of spend profiles for the 2017/18 financial year.