Decision details

The Committee gave consideration to a report providing an update on the Crown Estate allocations for the years 2019/20, 2020/21, 2021/22 and 2022/23 totalling £5,785,106.55 and the respective individual project allocations.  The report also provided an update on any subsequent changes made to the allocations as well as providing an update on the progress of each of the projects.

Decision

The Policy and Resources Committee –

1.    noted the allocation of Crown Estate funding provided from the period 2019-2023;

2.    noted the agreed allocation of the Crown Estate funding during the period 2019-2023 to the projects in Table 1 and paragraph 4.4 of the submitted report;

3.    approved the amendments to the funding allocation as detailed in paragraph 4.6 of the submitted report;

4.    noted the update on each of the individual projects as detailed in Table 1 of the submitted report;

5.    agreed to the continuation of delegated powers, as agreed in February 2023, to the Executive Director with responsibility for Development and Economic Growth to allow any subsequent amendment to approved Crown Estate grant allocations to ensure that any risk relating to having to payback any grant is minimised; noting that this may involve swapping Crown Estate allocations with Place Based Investment Programme allocations of grants against individual projects but would not affect the projects but simply the grant source.

(Reference: Report by Executive Director with responsibility for Development and Economic Growth dated 14 September 2023, submitted)