This report provides information on the plans which Wensleydale Railway Association (WRA) intend to pursue in the short and medium terms and seeks approval for funding from the Economic Development Fund to support the completion of a Socio-Economic Study to inform the future development of the Railway.

In accepting the recommendation, a grant of £11,400 will be approved to be funded from the Economic Development Strategy.

The subject of the decision:

This report provided information on the plans which Wensleydale Railway Association (WRA) intended to pursue in the short and medium terms and sought approval for funding from the Economic Development Fund to support the completion of a Socio-Economic Study to inform the future development of the railway.

Alternative options considered:

None.

The reason for the decision:

Cabinet was satisfied that the funding would assist with the growth and ultimate survival of the railway as a commercially viable business within the District.  The project was also included within the Council’s Economic Strategy.

THE DECISION:

That a grant of £11,400 be approved from the Economic Development Fund.