£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.