Decision details

Reinvigorate York - Investing £3,300,000 in the City Centre

Decision Maker: Executive

Decision status: Decision Made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Purpose of the Report: The Economic Infrastructure Fund was set up to deliver a range of improvements which will help to create jobs and grow the economy. This report describes the economic benefit of improving public spaces and proposes a clear and accountable structure to manage, fund and deliver public space improvement projects in the city centre as currently managed through the Reinvigorate York Steering Board.

Cabinet Members are asked to agree funding to deliver Reinvigorate York projects over the next 3 years.

Decision:

RESOLVED:       That Cabinet approves Economic Infrastructure Fund investment of £3.3m in the Reinvigorate York programme, as set out in the report paragraphs 29 to 45, subject to more detailed costings, feasibility work and updates on individual projects as they develop. The £3.3m budget to be initially allocated as follows:

 

2012/13     £500,000

2013/14     £1.3m and

2014/15     £1.5m

 

REASON:            To support the Council Plan priorities of creating jobs,      growing the economy and investing in the city’s economic future.        

 

 

 

Report author: Derek Gauld

Publication date: 04/09/2012

Date of decision: 04/09/2012

Decided at meeting: 04/09/2012 - Executive

Effective from: 07/09/2012

Accompanying Documents:

 

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