Issue - meetings

Report by Executive Director with responsibility for Development and Economic Growth

The Committee gave consideration to a report seeking approval to commit financial resources for the development of Outline Business Cases and project feasibility, design and work required to secure consents as part of the Rural Growth Deal process.

Decision

The Policy and Resources Committee agreed -

1.     That authority for approving the drawdown of money from the Inward Investment Fund is delegated to the Chief Executive and 2 Executive Directors of the Council up to a maximum value of £150k and subject to them being satisfied that the monies are for the purpose of delivering the Rural Growth Deal.

2.     That any funding required in excess of £150k from the Inward Investment Fund would require further approval of the Policy and Resources Committee.

(Reference:  Report by Executive Director with responsibility for Development and Economic Growth dated 2 November 2020, submitted)