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:

None.

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.

The decision:

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.