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  • Issue
  • Issue details

    19/00019 - Regional Growth Fund Administrative Changes and Transfer of Funds

    That the Cabinet Member for Economic Development, agrees for Kent County Council to delegate to the Director for Economic Development the authority to transfer to East Sussex County Council recovered loan repayments obtained from East Sussex companies who received funds via the former Regional Growth Funded (RGF) Escalate programme.

     

    Decision type: Non-key

    Decision status: Recommendations Approved

    Division affected: (All Division);

    Notice of proposed decision first published: 26/02/2019

    Decision due: Not before 27th Mar 2019 by Cabinet Member for Economic Development
    Reason: In order that the proposed decisions can be publsihed for a minimum of 28 days, in accordance with statutory requirements

    Lead member: Cabinet Member for Economic Development

    Lead director: David Smith

    Department: Growth, Environment & Transport

    Contact: Jacqui Ward, Regional Growth Fund Programme Manager 03000 417191 Email: Jacqui.Ward@kent.gov.uk.

    Consultees

    This was considered at the Growth, Economic Development and Communities Cabinet Committee on 7 March 2019.

    Financial implications: KCC does not currently have the legal authority or administrative procedures in place to spend the recovered loan repayments obtained from East Sussex companies who received loan funds via the former RGF Escalate programme. Without transferring these funds to East Sussex County Council, they will remain ring-fenced within KCC finances.

    Legal implications: None

    Equalities implications: None

    Decisions

    Agenda items