Decision details
Leeds City Region - Revolving Investment Fund
Decision Maker: Executive
Decision status: Decision Made
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Purpose of Report: To approve the contribution to the LCR RIF, in light of latest governance framework associated with the fund.
Members will be asked to approve the contribution.
Decision:
RESOLVED: That Cabinet agree to:
(i) Give authority to invest the £1.632m in the Revolving Investment Fund, funding from the Economic Infrastructure Fund.
(ii) Delegate authority to the Director of Customer and Business Support Services to take necessary actions required around the legal arrangements to allow Phase 1 to be launched.
REASON: To support the Council Plan priorities of creating jobs, growing the economy and investing in the city’s economic future.
Report author: Ian Floyd
Publication date: 16/07/2013
Date of decision: 16/07/2013
Decided at meeting: 16/07/2013 - Executive
Effective from: 19/07/2013
Accompanying Documents:
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