Issue details

To accept and spend £675k of LEP funding awarded to the council to spend on infrastructure works to make land ready for development at Hereford Enterprise Zone.

The council has secured an award of £675k of LEP funding to spend on infrastructure in 2021/22 to prepare land for development at Hereford Enterprise Zone. This funding is in addition to £5,432k previously awarded LEP funds and the £14,947k of capital funding already in the approved capital programme (both of which are shown as separate projects on the capital programme). The funding will enable the council to carry out additional infrastructure work and hence prepare more land for development and sale at the North Magazine of Skylon Park.

Decision type: Key

Reason Key: Expenditure;

Decision status: Recommendations Approved

Wards affected: Dinedor Hill;

Notice of proposed decision first published: 13/09/2021

This decision will be taken under urgency procedures.

Reason for urgency:
The LEP have given us a deadline of October 8th to accept the funds, so the funding agreement can be issued.

Decision due: 1 October 2021 by Cabinet member environment and economy

Lead member: Cabinet member environment and economy

Lead director: Assistant director environment and place (Historic)

Department: Economy and Place (Historic)

Contact: Neil Batt, Enterprise Zone Capital Programme Manager Email: Tel: 01432 383694.