Decision details

Purpose of Report: The report asks Members to consider an Economic Infrastructure Fund application from the Arts Barge Project.

Members are asked to approve Economic Infrastructure Fund investment in the Arts Barge project.

This report will also include the Christmas Stimulus Package and Le marché International des Professionnels de l'immobilier (MIPIM) 2013.

RESOLVED: That  Cabinet agrees to:

·        Approve the EIF allocation of £25k for CYC to be represented at MIPIM 2013, along with private sector partners

·        Approve the EIF allocation of £25k required by the Arts Barge project to secure a boat and to delegate responsibility to the Director of CBSS to make 3 further stage payments of £25k pending a due diligence review of Arts Barge Project Business Plan ;

·        Approve the EIF allocation of £34.5k required to fund the City Centre Holiday Footfall Measures.

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