Decision details

The Director - Planning & Growth presented a report which further updated Members on new revenue and capital funding opportunities in the form of the Community Renewal Fund; the Levelling Up Fund; and the One Public Estate Brownfield Land Release Fund. He advised the Committee of the latest position in respect of the various funding bids submitted thus far under these new funding opportunities.

Members noted the other items on the agenda relating to applications going forward under these funding schemes, stating they were strong bids and that they were hopeful of positive outcomes. The Committee also welcomed forward funding for work on bids in the Sherwood area.

AGREED (unanimously) that the Policy & Finance Committee:

a)        formally support the submission of the Community Renewal Fund bid by Nottinghamshire County Council on or before 18 June 2021;

b)        support the submission of the Newark Levelling Up Fund Bid for the Southern Link Road (SLR);

c)         the Director – Planning & Growth in consultation with the Business Manager, Law & Information Governance, be given delegated authority to enter into contractual arrangements with Urban & Civic (the Middlebeck master developer) to utilise a further £387,500 from NSDC as part of its overall maximum contribution of £5m towards the delivery of the whole SLR;

d)        support the proposals to progress work to develop a Sherwood Levelling Up Fund bid, including the forward-funding of £50,000 in anticipation of future receipt of £125,000 of capacity funding in association with round two of the Levelling Up Fund; and

e)        note and welcome the submission of the Brownfield Land Release Fund bid for 32 Stodman Street.

Reason for Decision

To allow the Council to maximise funding opportunities to deliver its Community Plan objectives and to improve lives for residents across the District.