Decision details
Expansion East Kent: Regional Growth Fund Allocation - 11/01795
Decision Maker: Leader and Cabinet Member for Health Reform
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Government has allocated £40 million to
KCC from the Regional Growth Fund. This will be used to fund
‘Expansion East Kent’, a programme of grants to
businesses in East Kent for investments that will result in job
creation.
KCC will be required to decide:
a) Whether to accept the Government’s grant offer and enter
into a contract with Government to act as the accountable body for
the programme; and
b) The governance arrangements for the management of the
programme.
This decision supports delivery of Priority 8 of Delivering Bold
Steps, which aims to help Kent to remain an attractive and
competitive location for investment and to maximise opportunities
from the Pfizer site at Sandwich.
The risks involved in the decision are those associated with
KCC’s liability for acting as accountable body for £40
million in Government funding.
A report outlining the general principles involved will be taken to
Cabinet in December 2011, with a further report for decision to the
Cabinet Member for Regeneration and Economic Development in January
2012.
Decision:
As Leader of Kent County Council and the Cabinet Member with responsibility for Business Strategy, Audit and Transformation I have agreed that:
a)
The Government’s offer of a Regional Growth Fund grant in
respect of Expansion East Kent and Line Speed Enhancement projects
be accepted;
b) Authority be delegated to the Director of Economic Development to sign on behalf of the County Council the grant offer letter for the Expansion East Kent project;
c) Authority be delegated to the Director of Planning and Environment to sign on behalf of the County Council the Grant Offer Letter for the Line Speed Enhancement project, subject to the receipt of a final offer letter from Department for Business, Innovation and Skills and consultation on its content with the Director of Governance and Law;
Publication date: 27/03/2014
Date of decision: 26/03/2012
Effective from: 04/04/2012
Accompanying Documents:
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