Issue details

Transfer of Local Growth Funds for new model in technology and engineering (NMiTE) Phase 2

 

 

 

To enable the accountable body, Shropshire Council, to delegate responsibility for the managing of the Local Growth Fund (LGF) grant and the relationship with the successful grant applicant (NMiTE) to the council. The full grant amount of £5.66m for Phase 2 of the NMITE project will be transferred from the accountable body to the council in advance of project delivery.

 

The grant funding will be utilised to develop a Centre for Advanced Timber Technologies and Centre for Automated Manufacturing on the Herefordshire Enterprise Zone.

Decision type: Key

Reason Key: Expenditure;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 13/03/2020

This decision will be taken under urgency procedures.

Reason for urgency:
A decision is required urgently in order to accept the grant funding before 31 March 2020. The date of eligible spend in relation to this grant is 31 March 2021.

Decision due: 25 March 2020 by Cabinet member finance and corporate services

Lead member: Cabinet member finance and corporate services

Lead director: Chief finance officer

Department: Corporate Support Centre

Contact: Josie Rushgrove, Head of corporate finance Email: jrushgrove@herefordshire.gov.uk Tel: 01432 261867.

Decisions

Documents