Economic Infrastructure Fund - Proposals
Decision Maker: Executive
Decision status: Decision Made
Is Key decision?: Yes
Is subject to call in?: Yes
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
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