161 Future High Street Fund - Expression of Interest PDF 120 KB
Report of the Acting Strategic Director, Communities and Environment
Minutes:
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. |
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RESOLVED - |
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That the submission of an Expression of interest to the Future High Street Fund by the deadline of 22 March 2019 be approved. |
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The above decision has been made for the following reasons: |
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(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. |
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(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. |
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(C) |
To protect and enhance business rate income and to increase new income through council tax. |
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(D) |
Creation of new job and training opportunities. |
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(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. |