AGREED that
1. The Portfolio Holder approves the proposal to submit an Expression of Interest in July and a full application in October to the Creative Foundations Fund should the EoI be successful;
2. The Portfolio Holder approves a capital commitment in principle of between £50,000 and £80,000 (that being 10% of the total cost of the project, for which 5% minimum is required), dependant on the outcome of the application; and
3. Should the application be successful, the Portfolio Holder will recommend an increase to the capital programme for the total cost of the project, estimated at between £500,000 and £800,000 including the NSDC contribution as detailed above to Cabinet for approval, together with formal approval for use of reserves for the Council’s capital commitment.