Decision details

Economic Infrastructure Fund

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Decision Maker: Executive

Decision status: Decision Made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Purpose of the Report: The report will allow Members to consider recommendations for spending against the Economic Infrastructure Fund.
Members are asked to agree the recommendations.

Decision:

RESOLVED: i) That Cabinet approves the following allocations from the Economic Infrastructure Fund:

· £200K for Reinvigorate York scheme

· £80K for Targeting Growth in Key High Value Sectors

· £50K for Tour de France campaign

ii) That Cabinet approves in principle the following scheme, subject to sign off of the business case, governance, terms on the preferred site, and full due diligence being completed, to include a further detailed report back to Cabinet for final approval:

· £1.4m for Digital, Media and Cultural Centre

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

Report author: Steve Stewart

Publication date: 17/07/2012

Date of decision: 17/07/2012

Decided at meeting: 17/07/2012 - Executive

Effective from: 20/07/2012

Accompanying Documents: