This report seeks approval to allocate further funds from the Economic Development Fund towards the Dalton Bridge and Highway Scheme.

The subject of the decision:

This report sought approval for the allocation of further funds from the Economic Development Fund towards the Dalton Bridge and Highway scheme.

Alternative options considered:

None.

The reason for the decision:

The allocation of further funds would ensure that the detailed design phase for the proposed highway scheme could be progressed.

THE DECISION:

That:-

(1)     a grant of £102,691 be approved from the Economic Development Fund to be given to the Dalton Businesses to ensure the detailed design phase can be progressed; and

(2)     the grant award be subject to:-

          (i)      the businesses acting as the Client for the delivery of the design phase;

          (ii)      the business committing £17,210 of Section 106 funding;

          (iii)     the businesses committing to acquire the land for the construction of the bridge and highway scheme at a cost of £49,000;

          (iv)    a formal contractual arrangement being in place for the holding of the acquired land the sole purpose of which is to allow delivery of the Dalton Bridge and Highway Scheme.