That Cabinet:
a) notes the updates associated with the LUF 3 Programme, including the recent execution of the Government Memorandum of Understanding (MoU), and the initial payment of LUF 3 grant to the Council, as detailed in paragraph 1.2 of the report.
Ollerton Town Centre Regeneration Scheme
b) approves the reallocation of £450,000 of the capital budget of £500,000 approved by Cabinet on 10 December 2024, to revenue budget, as detailed in paragraph 2.5 of the report, funded by the LUF 3 grant;
c) approves the addition of £68,000 within the Capital Programme, financed by grant, as detailed in paragraphs 1.5 and 1.6 of the report; and
d) approves the addition of a £322,000 revenue budget, financed by grant, as detailed in paragraphs 1.5 and 1.6 of the report.
Clipstone Regeneration Scheme
e) approves the reallocation of the capital budget of £200,000 approved by Cabinet on 10 December 2024, to revenue budget, as detailed in paragraph 2.6 of the report, funded by the LUF 3 grant; and
f) notes the additional £40,000 revenue budget, funded by Government granted LUF 3 capacity funding, as detailed in paragraph 1.13 of the report.