Issue - meetings

Mayoral Investment Fund – Acceptance of funding to deliver priority projects

Meeting: 17/12/2024 - Executive (Item 582)

582 Mayoral Investment Fund – Acceptance of funding to deliver priority projects pdf icon PDF 452 KB

Recommendations

 

That Executive approves:

1)     to accept the funding awarded by the York and North Yorkshire Combined Authority towards the delivery of priority projects and development of business cases for pipeline projects by North Yorkshire Council.

2)     delegation to the Corporate Director of Community Development in consultation with the Corporate Director of Resources and the Assistant Chief Executive for Legal and Democratic to agree and enter into the final terms of the grant agreement with the YNYCA.

3)     that the funding allocations and responsibility for seeking any necessary further internal project approvals in relation to project delivery are allocated to the lead Project Managers and relevant Directorate/Service as set out in paragraph 2.2 above.

Additional documents:

Minutes:

Considered – A report of the Corporate Director Community Development requesting approval to accept funding from the York and North Yorkshire Combined Authority (YNYCA) to deliver the priority projects as set out in the report.  Delegated authority was also sought for the Corporate Director Community Development, in consultation with the Corporate Director Resources and the Assistant Chief Executive Legal and Democratic Services, to agree and enter into the final terms of the grant agreement with the YNYCA,

 

The Executive Member for Open to Business, Councillor Mark Crane, introduced the report and welcomed the support for the eight projects which had been submitted to the YNYCA for assessment and subsequently approved.  The projects were: Selby Station Gateway, works to accompany the Harrogate Station Gateway TCF scheme, Scarborough Boat Lift, Electric vehicle charging, the Wyvern Link Road, Abbey Quarter, Selby, Accelerating Housing Delivery and Ripon Connectivity and further details were included at pages 269 to 271 of the report.

 

Resolved (unanimously) - that

 

1)     the funding awarded by the York and North Yorkshire Combined Authority towards the delivery of priority projects and development of business cases for pipeline projects by North Yorkshire Council be accepted

2)     delegated authority be given to the Corporate Director of Community Development in consultation with the Corporate Director of Resources and the Assistant Chief Executive for Legal and Democratic to agree and enter into the final terms of the grant agreement with the YNYCA

3)     the funding allocations and responsibility for seeking any necessary further internal project approvals in relation to project delivery are allocated to the lead Project Managers and relevant Directorate/Service as set out in paragraph 2.2 of the report

 

Reasons for recommendations

 

The recommendations will secure additional external funding to bring forward significant regeneration proposals in North Yorkshire and accelerate the development of a pipeline of future schemes to help meet local and regional objectives.