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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