In July 2020 government announced that under the Towns Fund programme they were offering Hereford a grant of £750,000 to fund capital projects that can be delivered this financial year. This grant will be used to support capital spend within the intervention framework as set out in the Towns Fund Further Guidance.

The Maylord Shopping Centre – Provision of Business Space and Public Facilities/ Townscape Improvements project was identified as capable of delivering in line with the requirements for accelerated projects. The business case identifying the budget requirements for the project has been developed and considered by the Director for Economy and Place in consultation with the council’s Section 151 Officer.

The identified lead officer will be responsible for delivery within the criteria set by government. A Towns Fund programme board has been set up to oversee project delivery.

The expenditure will be included within the medium term financial strategy and capital programme.

The business case details the revenue impact of the project which will be managed within current revenue budgets. There is no additional funding requirements, with all projects managed within existing teams for delivery.

The letting of further contracts or agreements of any external spend proposed as part of project delivery will each require further records of decision.