Decision - Economic Growth Fund Opportunity 19/05/20(c)

Economic Growth Fund Opportunity 19/05/20(c)

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

That the Economic Growth Fund Opportunity 19/05/20(c), as set out in the exempt Cabinet Minute 99h, be approved.

(Note: the decisions in respect of Economic Growth Fund Opportunity 19/05/20(c) are restricted due to exempt information contained within the decisions.)

Reasons for the decision:

To enable the Council to allocate a sum of money from the Economic Growth Fund to a project that will assist with economic regeneration in Torbay.

Alternative options considered:

None.

Implementation:

This decision will come into force and may be implemented on 2 June 2020 unless the call-in procedure is triggered (as set out in the Standing Orders in relation to Overview and Scrutiny).

Information:

The Cabinet considered the submitted exempt report on the proposed project. The project would support economic regeneration in Torbay and was in line with the Council’s approved Economic Growth Fund Criteria.

Councillor Steve Darling proposed and Councillor Morey seconded a motion which was agreed unanimously by the Cabinet as set out above.

Interests and Nature of Interests Declared:

None.

Publication date: 22/05/2020

Date of decision: 19/05/2020

Effective from: 02/06/2020