Issue - decisions

Local Growth Funds for the New Model Institute In Technology and Engineering

30/06/2022 - Local Growth Funds for the New Model Institute In Technology and Engineering

That:

a) To approve the drawdown by NMITE from the council the remaining £2,472,556.15 of grant funding in 2022/23, noting that the council utilised ‘freedoms and flexibilities’ in March 2021 in relation to the Local Growth Fund grant to NMITE in accordance with the terms of the funding agreement letter from Shropshire Council, to enable the grant funds to be drawdown over a longer period to align with the period of construction.