Issue - meetings

Goldthorpe Towns Fund: Business Case Approvals

Meeting: 20/04/2022 - Cabinet (Item 268)

Goldthorpe Towns Fund: Business Case Approvals (Cab.20.4.2022/8)

Additional documents:

Decision:

RESOLVED that Cabinet:-

 

1.          Approves the principles of the individual Towns Fund full business cases, which are aligned to the HM Treasury Five Case Better Business Case mode, to enable the summary of the approved business cases to be submitted to DLUHC as per the Head of Terms issued by DLHUC (formerly MHCLG), noting that subsequent to this report, further detailed cabinet reports for Project D: Housing Regeneration pre-1919 and Project L: Towns Fund Property Investment Fund will be prepared as necessary, as detailed in section 2 of the Cabinet report;

 

Members noted that submission of the Business Cases to DHLUC does not legally commit the Council to the final delivery of projects should those projects be found to be unaffordable or no longer feasible.

 

2.          Authorises the Executive Director, Place, to undertake all necessary steps to secure development and delivery of the Towns Investment Plan including but not limited to public consultation and engagement on the Pre-1919 Housing Strategy as detailed in section 2.7 of the report, noting that this will be subject to a further cabinet report, and approve (insofar as Cabinet is able to do so) the preparation and progress any necessary statutory procedures required to develop and deliver the proposed projects in line with DLUHC guidance.

3.          Authorises the Service Director, Regeneration and Culture to:

i)           seek any necessary planning permissions, (outline or full) required for the delivery of the projects included in the Town Investment Plan, this includes but is not limited to development works for Project G – Community and Cultural Hub and Project H – Heart of Goldthorpe

 

ii)          apply for any temporary traffic management orders or any temporary public rights of way closure permissions, noting that the application process will be progressed separately

iii)        launch the Towns Fund Property Investment Fund project (project L) as outlined in section 2.10 noting that a further report will be provided recommending and seeking approval of the Towns Fund Property Investment Fund preferred investments, costs and outputs;

4.          Authorises the Executive Director, Core Services, in consultation with the Executive Director, Place and Service Director, Regeneration and Culture to;

i)           accept the DLUHC Towns Funding up to £23.1M, to contribute towards the delivery of the Towns Investment Plan approved business cases as detailed in Section 4 of this report.

 

Members noted that the total value of the Goldthorpe Towns Investment Plan is currently estimated to be £33.5m and that some of the ‘match’ funding required to support delivery of the totality of that Plan has yet to be secured as highlighted in the ‘Financial Implications’ section of this report. This will be mitigated by ensuring that schemes taken forward are scaleable to ensure delivery within the funding envelopes that have been secured eliminating any future cost exposure for the Council 

 

ii)          conclude any necessary approval and funding processes with DLUHC (including negotiate the terms and conditions of, and final approval of the Town Investment Plan project summaries, subsequently releasing this into the capital programme in line with  ...  view the full decision text for item 268

Minutes: