Decision details

To accept a government grant of £5.1m capital to deliver a programme of regeneration work at Folkestone Seafront and enter into a subordinate grant agreement with a private sector organisation for the delivery of the programme.

.

As the Cabinet Member for Economic Development, I agree that the County Council shall (subject to the completion of a full business case, satisfactory appraisal by an Independent Technical Evaluator and approval by the South East Local Enterprise Partnership Accountability Board):

i.              Accept Government grant funding of up to £5.1 million capital to deliver a programme of regeneration works at Folkestone Seafront;

ii.            Enter into a subordinate grant agreement with a private sector organisation for the delivery of the programme; and

iii.           Delegate to the Director of Economic Development the authority to conclude arrangements to secure the recovery of administration costs associated with KCC’s management of the grant agreement.