Decision details

The report seeks authority to enter into a European Regional Development Fund funding agreement with regard to the Merseyway Innovation Centre.

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.

None.