Allocation of Residual Growth Point Funding
1) £489,882 residual Growth Point Funding is allocated to contribute to the delivery of the Thetford Enterprise Park (TEP);
2) any unspent project allocations under the now dissolved Moving Thetford Forward Programme (MTF) returned to the Council in the future are allocated to contribute to the delivery of the Thetford Enterprise Park;
3) the sums above together with the recently secured Norfolk Business Rates Pool Grant of £450,000 will be utilised as part of a multi-agency package blending financial contributions from a number of inter-agency sources to facilitate the infrastructure investment required to deliver the Enterprise Park; and
4) the Executive Director of Commercialisation is requested to represent the Council and in discussions to secure the required multi-agency agreement for successful delivery of the TEP and report back to Cabinet the outcome.