Issue details

Underwriting the second phase of Local Enterprise Partnership Growth Deal grant funding to NMiTE

To approve an appropriate level of underwriting of NMiTE’s second phase of Local Enterprise Partnership Growth Deal grant funding to enable the development of a Centre for Advanced Timber Technology, Centre for Automated Manufacturing, and a Centre for Future Skills on the Hereford Enterprise Zone.

Decision type: Key

Reason Key: Expenditure;

Decision status: Abandoned

Wards affected: Dinedor Hill;

Notice of proposed decision first published: 29/11/2019

Reason for urgency:
The funding agreement is required to be signed in early January 2020 to ensure that design and planning stages of the build can commence to ensure that building works and defray of the grant occurs by March 2021.

Decision due: 30 January 2020 by Cabinet

Lead member: Cabinet member corporate strategy and budget

Lead director: Director of Economy and Place

Department: Economy and Place

Contact: Roger Allonby, Head of Economic Development, Economy and Place Email: Roger.Allonby@herefordshire.gov.uk Tel: 01432 260330.