Pavilion:

·         For the project to progress with the delivery of the opening up works via the competitively tendered supplier, utilising an overall budget of £1.5m from its £2m allocation of Towns Deal funds;

·         Subject to the Ministry of Housing and Local Government (MHCLG) approval, virement of the residual £500,000 to support other Towns Deal projects; and

Station Square:

·         For the project to progress through to delivery with a revised budget of £3,459,021 (£500,000 increase), utilising £500,000 of funding reallocations from Paignton & Preston Levelling Up Partnership (LUP) funding, subject to MHCLG approval.

All projects were reviewed and deemed to be strategically advantageous and satisfactorily compliant in terms of their feasibility and levels of risk to enable them to progress.

Approval of this decision enables the projects to progress within a controlled process, minimising the risk of not fully utilising the grant funding available.

This decision will be implemented immediately.

Updates to the Capital Investment Plan following satisfactory review of business cases for the following projects:

·         Pavilion (Full Business Case)

·         Station Square (Revised Full Business Case)

None.