The subject of the decision:
This report sought approval for the submission of a revised Business Case for Future High Streets Fund to the Ministry of Housing, Communities and Local Government.
Alternative options considered:
The reason for the decision:
Cabinet was satisfied that the Future High Street Fund Business Case supported the Council’s priority of Driving Economic Vitality; specifically supporting the development of Northallerton as a Vibrant Market Town supporting the short-term economic recovery and long term future sustainability of the High Street. Also the Central Northallerton Redevelopment was identified as a key project in the Council Plan 2019 – 23.
That Cabinet approves and recommends to Council that:-
(1) the revised Business Case for Future High Streets Fund is approved and submitted;
(2) the capital contribution of £7,046,848 to support the delivery of Northallerton Future High Streets Fund Business Case is approved;
(3) the capital contribution of £830,042 to support the delivery of complimentary schemes in support of the Future High Streets Fund Business Case is approved; and
(4) the total capital expenditure for these schemes of £17,754,172 is included in the Capital Programme which is detailed in paragraph 4.3 of the report.