Decision details

Merseyway Innovation Centre (ERDF) (E&R50)

Decision Maker: Cabinet

Decision status: For Determination

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, Service Director, 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: