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Decision details

Economic Development Strategy Refresh 2012-15 underspend

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To request £591k to fund programmes into 2016/17. This would mean the EDS refresh would continue into a fourth year and would be funded from the underspend.

Decision:

RESOLVED:

 

That Cabinet agrees

 

1.     to allow the Economic Development Strategy 2 (EDS2) to continue into 2016/17 (a fourth year) enabling it to utilise the remaining under spend, currently forecast at £539k.

 

2.     to a reallocation for part of EDS2 whereby £122k of the forecast £539k be used as further European Investment Social Fund (ESF) match funding.

Report author: Sara Williams

Publication date: 11/11/2015

Date of decision: 09/11/2015

Decided at meeting: 09/11/2015 - Cabinet

Effective from: 17/11/2015

Accompanying Documents: