Levelling Up Fund Bid Submission
Purpose of Report: To agree a response to this bidding opportunity.
Karl Battersby, Corporate Director for Business & Environmental Services provided
Executive Members with a verbal update on the County Council’s Levelling Up Fund bid submission.
He confirmed that as a upper tier Authority, the County Council was not required to submit its transport related bid at round one, but could instead take the time to put together a comprehensive round two bid to maximise the opportunities a levelling up bid could provide.
It was noted:
· The County Council could bid for up to £20m, and up to £50m in exceptional circumstances;
· The timescale for round one bids was very tight in terms of submitting the information required for a strategic business case
· Taking the time to submit a bid at round two would enable the Authority to effectively encompass three separate projects under one programme;
· A fully worked up round two bid submission would be presented to the Executive later in the year;
Resolved: The Executive noted the verbal update.