This report seeks approval for the submission of a revised Business Case for Future High Streets Fund to the Ministry of Housing, Communities and Local Government.

In accepting the recommendations, Cabinet will approve and recommend to Council the revised Business Case for Future High Streets Fund is approved and submitted; the capital contribution of £7,046,848 to support the delivery of Northallerton Future High Streets Fund Business Case is approved; 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 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.

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.