The subject of the decision:
This report sought agreement to put forward an Expression of Interest to the Future High Streets Fund. The Future High Streets Fund was part of the Government’s ‘Our Plan for the High Street’ and would provide co-funding towards capital projects that brought transformational change. The fund would help the implementation of bold new visions to transform town centres and make them fit for the future. A total of £675m was available nationally.
Alternative options considered:
The reason for the decision:
Cabinet was satisfied that the development of an Expression of Interest supported the Council’s priority of driving economic vitality, and more specifically, it would support businesses to grow, help maximise private sector investment and strengthen the economic prosperity of the market town.
That Cabinet approves the submission of an Expression of Interest for Northallerton to the first round of the Future High Streets Fund on 22 March 2019.