Decision details

The decision required is to apply for a grant from the York and North Yorkshire Combined Authority for £1.2m. The grant will be utilised to produce Town Investment plans, where required, for towns across North Yorkshire. The Town Investment Plans will be a joint initiative led by the Regeneration and Localities teams in collaboration with local stakeholders. Where town plans already exist, work will be undertaken to identify if anything further is required before moving forward.

Approval from the Assistant Director Resources (Community Development) in consultation with the Executive Member for Finance and Resources and the Executive Member for Open to Business to authorise the submission of an application for grant funding in the amount of £1.2m from the York and North Yorkshire Combined Authority (YNYCA) to develop the Town Investment Plans.

The recommendation to apply for the grant funding will enable the council, in partnership with the local communities to produce the Town Investment Plans for 30 towns across North Yorkshire. Without agreeing to apply for the grant funding, the council would lose the opportunity of securing £1.2 million of funding to support the delivery of these significant plans and, subsequently, miss the opportunity to identify the investment needs and opportunities across such a large number of towns. Without this funding the scale of this delivery would be reduced.

The only alternative option would be to not apply for grant funding to create the Town investment Plans so no alternative options were considered and rejected.