Decision details
Merseyway Innovation Centre (ERDF) (E&R50)
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
The report seeks authority to enter into a European Regional Development Fund funding agreement with regard to the Merseyway Innovation Centre.
Decision:
The Cabinet has considered an update on proposals to develop an Innovation Centre in Stockport town centre and has agreed to:-
(1) Note the report.
(2) That, if the ERDF funding application is approved, then delegate authority to the Deputy Chief Executive (Place) and the Deputy Chief Executive (Corporate & Support Services), in consultation with the Cabinet Member for Resources, Commissioning & Governance, to source the necessary capital cash match funding of £0.948m for the Merseyway Innovation Centre.
(3) Delegate authority to the Deputy Chief Executive (Place) and the Deputy Chief Executive (Corporate & Support Services), in consultation with the Cabinet Member for Economy & Regeneration, to:
a) Take all necessary steps to implement the project strategy in this report, reporting back as necessary and appropriate to the Cabinet;
b) Enter into contracts, procurement and funding agreements, as required, to deliver the Merseyway Innovation Centre;
c) Receive and administer European Regional Development Fund (ERDF) monies in respect of Merseyway Innovation Centre.
Alternative options considered:
None.
Reason Key: Significant expenditure or savings;
Wards Affected: Brinnington & Central;
Equality and/or Environmental Impact Assessment: N/a
Decision Reference: CAB243
Declarations or conflicts of Interest: None.
Forward Plan Reference: E&R50
Other reasons / organisations consulted
Portfolio holder, CLT, Scrutiny,
cabinet
Contact: Paul Richards, Director of Development and Regeneration Email: paul.richards@stockport.gov.uk Tel: 0161-474-2940.
Report author: Helen Walters
Publication date: 08/10/2020
Date of decision: 06/10/2020
Decided at meeting: 06/10/2020 - Cabinet
Effective from: 15/10/2020
Accompanying Documents: