Issue - meetings

Economic Infrastructure Fund - Proposals

Meeting: 07/05/2013 - Executive (Item 133)

133 Economic Infrastructure Fund - Proposals pdf icon PDF 284 KB

This report sets out three proposals for Economic Infrastructure Fund (EIF) allocations: (1) LCR Revolving Investment Fund (RIF); (2) LCR transport infrastructure proposals; and (3) Economic Inclusion.

 

Additional documents:

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.

 

Minutes:

Consideration was given to a report which set out three proposals for Economic Infrastructure Fund (EIF) allocations: (1)  Leeds City Region Revolving Investment Fund (RIF); (2) Leeds City Region transport infrastructure proposals; and (3) Economic Inclusion.

 

Details of each of the proposals were set out at paragraphs 2 to 37 of the report.

 

Members noted that the performance of investments would be reported back to Cabinet.

 

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;1

 

ii)            £200K required to fund the Economic Inclusion Programme; and2

 

iii)          £550k required to fund the first project in the emerging Transport Package.3

 

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

 


 

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