Issue - meetings

Consideration has been given to the submission of an Expression of Interest to the Future High Street Fund by the deadline of 22 March 2019. 

RESOLVED -

That the submission of an Expression of interest to the Future High Street Fund by the deadline of 22 March 2019 be approved.

The above decision has been made for the following reasons:

(A)

To accelerate regeneration activities in the town centre, enabling utilisation of abandoned property and bringing forward new development in a shorter timescale than could be achieved in the absence of Future High Street Funding.

(B)

Improvements to the environment in the Town Centre and reduction in negative uses that have a direct correlation with anti-social behaviour and crime and disorder.

(C)

To protect and enhance business rate income and to increase new income through council tax.

(D)

Creation of new job and training opportunities.

(E)

To secure match capital funding to address the funding gap in the emerging business case. This will be attractive to potential interested investment partners subject to determination of the procurement options.