Decision details

A report which sought feedback from the Committee on a draft vision and key themes which had been developed in relation to the Rural Growth Deal was given consideration.  It was intended that the draft vision and key themes would form the basis for continued negotiation for the Rural Growth Deal.

Decision

The Policy and Resources Committee agreed to –

1.    Endorse further development of the draft vision, key sector support and themes and noted that a further report would be brought to the October Policy and Resources Committee meeting.

2.    Approve the proposed consultation approach as set out in Appendix 3 to the submitted report.

3.    Approve the additional criteria for the Inward Investment Fund that any future release of funding from this fund be limited exclusively to projects included as part of the Rural Growth Deal proposals in order to maximise the level of match funding available from the Council.

4.    Approve the proposals that certain projects may be accelerated ahead of the Rural Deal process where they are deliverable using alternative funding sources.

5.    Approve that where considered relevant to the draft vision, key sector support and project themes that the Council’s committed capital and revenue expenditure counts as match funding to the Rural Growth Deal.

(Reference:  Report by Executive Director – Development and Infrastructure Services dated May 2018, submitted)