Decision details
*Re-published: call-in no longer applies* SHALE WEALTH FUND CONSULTATION FROM HM TREASURY
Decision Maker: Corporate Director of Business and Environmental Services
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
To respond to the Government’s
consultation on the Shale Wealth Fund, providing:
1) a proposed approach to the governance and administration of the
Shale Wealth Fund, and
2) the County Council’s response to HM Treasury consultation
questions.
Reasons for the decision:
*PLEASE NOTE This decision was originally
published on or near the date of the decision and so call in no
longer applies. It has been re-published as part of the change in
committee management system that we use.*
The implementation of the Shale Wealth Fund could have implications
for North Yorkshire County Council, both in terms of the governance
and administration of the funds resources within North Yorkshire,
and the nature of projects that could benefit from the
funding.
The response will enable the County Council to provide advice to
the Government to help shape the operation of the Shale Wealth
Fund.
The response seeks to provide the County Council and North
Yorkshire with the best outcome from the implementation of the
Shale Wealth Fund.
Alternative options considered:
The main alternative considered was to not
respond to the consultation. However, this was rejected as this
issues raised in the consultation document will be of relevance to
North Yorkshire and the County Council in light of the areas of
identified shale gas resource within the county of North
Yorkshire.
Publication date: 11/05/2021
Date of decision: 24/10/2016