Decision details

Reallocation of previously approved budget.

RESOLVED that Cabinet:-

1.    Approves the recommendation on how to proceed with the proposal to support the two schemes set out in the report; and

2.    Agrees, ‘in principle’ to release the capital funds earmarked to deliver a third phase of the property investment fund scheme as detailed in this report; and

3.    Notes the outcomes achieved through the PIF to date and the ongoing economic need and demand for commercial development within Barnsley; and

4.    Approves the release of capital reserves in the form of grant payments to support the proposals outlined in this report; and

5.    Agrees ‘in principle’ to accept and manage the JESSICA grant offered by SYMCA to support scheme specific delivery; and

6.    Delegates authority to the Service Director, Regeneration and Culture to take the decisions on the applications and enter into grant agreements to give effect to those decisions subject to the financial envelope set out in the report, and any necessary consultation with legal and finance.