Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
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.
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,
Contact: Paul Richards, Service Director, Development and Regeneration Email: firstname.lastname@example.org 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