Decision details

AGREED      that Cabinet:

a)            note the report;

b)             in accordance with approval from Newark Towns Board that the Council receives a further £990,000 (in addition to the £790,000 supported by Cabinet on 14 May 2024) of the Town Fund One grant towards Stodman Street Phase 1;

c)             subject to b) above, to delegate to the Director – Resources & Deputy Chief Executive in consultation with the Director - Planning & Growth authorisation to submit a Project Adjustment Form to Government seeking formal authorisation to re-allocate the £1.78m of previously allocated Newark Gateway/SiSCLog grant to the 32 Stodman Street Phase One project; and

d)             subject to approval of b) & c) above, to increase the budget in the Council’s Capital Programme to £12,880,000 financed by the additional grant allocation.