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.