Decision details

The decision is required so that funding may be secured from the Local Growth Fund to deliver the Innovation Investment Initiative project.  This will support business growth, greater productivity and job creation.

The Cabinet Member for Economic Development has agreed that Kent County Council shall:

1.    Act as the accountable body for the Innovation Investment Initiative (i3) programme;

2.    Accept grant funding from the Local Growth Fund of up to £6 million capital to deliver the programme; and

3.    Delegate to the Director of Economic Development the authority to sign on KCC’s behalf a Grant Offer Letter, where required by Government or the South East LEP.