AGREED that Cabinet:
1. note the contents of this report and agrees to pause the Ollerton and Clipstone Scheme after completion of RIBA2 design due to ongoing delays with the issue of funding from Government and endorse that the Chief Executive or/and the Deputy Chief Executive/Director - Resources write to Government expressing deep concerns and disappointment at the delays and seeking the following:
That Government:
a) Confirms to the Council, that given the delays since the original LUF submission in summer 2022 and the delays since the LUF 3 announcement in November 2023, an agreed extension to the requirements to defray all LUF3 funding by 31 March 2026 to 31 March 2027;
b) Executes the Memorandum of Understanding (MoU) before 31 July 2024 to allow immediate access to any needed funds from the LUF 3 grant, allowing the project to continue to be developed at pace; or
c) Release advance funding of £821,000 before 31 July 2024, to be deducted from the overall LUF3 grant allocation to allow the project to continue to be developed at pace.
2. that subject to Government releasing the advance funding of £821,000 as detailed at Recommendation 1c) above that Cabinet approves the addition of £821,000 to the Capital Programme. For the avoidance of doubt if the Government executes the MoU as detailed at recommendation 1b) above the full amount of Levelling Up Fund 3 grant will be transferred into the Capital Program in accordance with the June Cabinet resolutions.