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Decision details

Economic Infrastructure Fund - Proposals

Decision Maker: Executive

Decision status: Decision Made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Purpose of Report: The report sets out proposals for Economic Infrastructure Fund allocations: (1) Leeds City Region - Revolving Investment Fund; (2) transport infrastructure proposals; and (3) Economic Inclusion.

Members are asked to: Approve the EIF allocations of:

• £1.63m for CYC to invest in the LCR Revolving Investment Fund (RIF)
• £200k required to fund the Economic Inclusion Programme



Decision:

RESOLVED:       That Cabinet agree to approve the EIF allocations of:

 

i)             £1.672m for CYC to invest in the LCR Revolving Investment Fund (RIF), subject to SAF and governance arrangements approval which will be brought back to a further Cabinet meeting;

 

ii)            £200K required to fund the Economic Inclusion Programme; and

 

iii)          £550k required to fund the first project in the emerging Transport Package.

 

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

 

Report author: Katie Stewart

Publication date: 08/05/2013

Date of decision: 07/05/2013

Decided at meeting: 07/05/2013 - Executive

Effective from: 10/05/2013

Accompanying Documents:

 

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