Democracy

Decision details

Virement of £50,000 of Future High Street Funds

Decision Maker: Director of Regeneration and Culture

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

Virement of £50,000 of Future High Street Funds grant within the total allocation earmarked for the transformation of the Captain Cook Shopping Precinct into a leisure hub.

Decision:

£9,100,000 of the Future High Street Fund grant has been earmarked for the transformation of the Captain Cook Shopping Precinct for leisure uses, incentives, decant compensation, remodelling units, contribution to fit out and adapting public spaces. £50,000 of funds are being vired from the decant compensation allocation to the contribution to fit outs.
REASON FOR DECISION:
Original allocation for decant compensation is not required in entirety, virement will enable the tenant to fit out the building to the correct standard.

Alternative options considered:

N/A

Publication date: 06/09/2021

Date of decision: 18/08/2021

Accompanying Documents: