At the meeting of Cabinet on 7th March 2019 it was agreed:
That delegated authority be given to the Deputy Chief Executive (S151) in consultation with the Cabinet Member for Planning and Economic Regeneration and the Cabinet Member for Housing to submit a further Expression of Interest (or equivalent) if the opportunity presents for the regeneration of Cullompton’s historic High Street through the Heritage element of the Future High Streets Fund and to determine the financial amount sought under the fund.
This records the delegated decision to submit an expression of interest for Cullompton under the High Streets Heritage Action Zone.
Decision type: Key
Decision status: Implemented
Notice of proposed decision first published: 12/07/2019
Decision due: 12 Jul 2019 by Deputy Chief Executive (S151)
Financial, Legal and Equality Issues: Financial Implications: This decision relates to the submission of an expression of interest for funding to support the heritage led regeneration of parts of the Conservation Area of Cullompton through a series of initiaties. The expression of interest sets out the finance sought through the fund (£1,226,849) together with match funding from Mid Devon Distirct Council, Cullompton Town Council, Devon County Council (via developer S106 highway contributions) and private sector contributions. Match funding is via a blend of finance and non-financial resource commitments. (See document attached for further information)
Risk Assessment: The submission of the expression of interest in itself is not considered to raise significant risks. The submission document identifies how the proposals within the expression of interest will be managed and delivered. The Cullompton Town Centre Regeneration Partnership will act as the Project Board. Mid Devon District Council will act as the lead partner and accountable body for the programme, and the scheme will be managed under our financial and legal regulations. In the event of success, it is anticipated that a more detailed risk assessment would be prepared as part of the managent of the project programme.
Additional Information: See Documents attached