Decision details

RevActive Project Match Funding

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To request an investment amount of up to £228,000 for the REVActive project over a period of fours years starting in financial year 2009/10.

Decision:

Recommend to Council that:

 

1)      the investment of up to £228,000 in the REVActive project over four years starting in the financial year 2009/10 as set in the project budget spreadsheet within the report be approved, subject to:

 

i)                a satisfactory review of the REV Programme budget being carried out by the Audit Committee meeting on 13 November 2009; and

 

ii)              external funding being secured.

 

2)      an annual report be received on the performance of the project and a final evaluation report be received at the end of the project.

Reasons for the decision:

The RevActive project should be supported as it helps grow and sustain businesses in Breckland along the A11 corridor (and beyond) our primary area for future population and housing growth by reducing business overheads to safeguard existing jobs and create new employment opportunities.  The project will also contribute to meeting the Council’s NI 186 targets by reducing carbon omissions and reducing energy consumption among high end business users in the district and further afield. The project has secured support already from a wide number of economic and environmental national, regional and sub-regional partners both through investment and strategic support.

Alternative options considered:

1)           To support the project by underwriting an investment of up to £228k revenue for the project.

 

2)           Not to support the investment in the project.

Report author: Mark Stanton

Publication date: 28/10/2009

Date of decision: 27/10/2009

Decided at meeting: 27/10/2009 - Cabinet

Accompanying Documents: