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 type: Key
Decision status: Recommendations Approved
Notice of proposed decision first published: 27/03/2014
Decision due: 5 Apr 2012 by Leader and Cabinet Member for Health Reform
Department: Strategic & Corporate Services
Contact: Email: ross.gill@kent.gov.uk Tel: 01622 221312.
Consultation process
N/a
Consultees
Informing Only
Who and when?
Department for Business, Innovation and Skills (following Decision)
East Kent Districts (via meetings of the East Kent Regeneration Board)
Sandwich Economic Development Task Force (via meetings of the Task Force)
Who is it necessary to consult?
There are no formal consultees.
Has the matter already been discussed by a Policy, Overview and Scrutiny Committee?:
No. However, KCC’s application for Regional Growth Fund and the general principles of the Fund have been discussed.
Is the matter referred to in your Business Plan or Medium Term Capital Programme?
Yes. Contained within Regeneration and Economy Division Business Plan 2011/12 under East Kent Regeneration and Growth Strategy
Closing date for consultation/receiving comments:
N/A
Financial implications: Ross Gill - Economic Strategy and Policy Manager Business Strategy 01622 221312, Ross.gill@kent.gov.uk
Legal implications: 11/01795
Equalities implications: Need to enter into a contract with Government to act as the accountable body for funds secured under the Regional Growth Fund.