Decision details

Consideration was given to a report providing the Committee with an update on the funding awarded for existing programmes, projects and initiatives and funding in progress for proposed programmes, projects and initiatives to be delivered by the Council’s Economic Development and Strategic Transportation Service.

Decision

The Committee –

1.    Noted that £9,268,259 of funding has been awarded to current existing programmes, projects and initiatives match funded by £1,367,100 of Council investment. This has resulted in £1 of Argyll and Bute Council funding levering in £6.78 of external funding.

2.    Noted that the Economic Development and Strategic Transportation service is seeking £9,636,058 of funding with £712,500 of Council match funding. If all sought funding is secured, for every £1 of Argyll and Bute Council funding a total of £13.52 will be levered in of external funding.

3.    Endorsed the continued efforts of the Economic Development and Strategic Transportation service to maximise the level of external funding being secured for Argyll and Bute to augment existing and potential projects.

4.    Congratulated the Economic Development and Strategic Transportation Team on their outstanding achievement across Argyll and Bute in attracting funding and stimulating development and regeneration.

(Reference:  Report by Executive Director – Development and Infrastructure Services dated 9 January 2017, submitted)