Decision details

That Cabinet:

a)      note the updates provided in relation to the Plan for Neighbourhoods initiative including the recent name change implemented by the UK Government of the ‘Pride in Place Programme’ (PiPP) and the related role of the Newark Town Board, as set out in section 2.0 of the report;

b)      note and endorse the Newark Town Board’s PiPP Regeneration Plan for submission to the UK Government by 28 November 2025 (subject to Board and Section 151 Officer approval), comprising a 10-year vision document and four-year indicative investment profile;

c)       approve the addition of a revenue budget of £1,502,000 and a capital budget of £5,306,000 required for the first four years of the PiPP delivery (2026 to 2030) with individual financial commitments to be approved by the Newark Town Board and the Section 151 Officer. Both budgets remain subject to the Council receiving sufficient assurance of funding through a finalised Memorandum of Understanding (MoU) from the UK Government, to be approved by the Section 151 Officer, as detailed further in paragraphs 2.5 and 2.6 of the report; and

d)      approve the proposed Newark Town Board Local Assurance Framework (LAF), as provided in Appendix 3 of the report and detailed further in paragraphs 2.12 and 2.13.