Agenda item

RESOLVED: that

1.            It be noted that the funding opportunity presented by the Welsh Government’s Targeted Regeneration Investment Programme and associated match-funding requirements;

2.            priority themes and projects for the Targeted Regeneration Investment Programme set out in the report be agreed;

3.            Authority be delegated to the Corporate Director, People and Communities, Director of Economic Development, and Director of Planning, Transport and Environment, in consultation with the Cabinet Member for Housing & Communities, Cabinet Member for Investment and Development and Cabinet Member for Strategic Planning and  Transport, to finalise details of the Council’s contribution to the Regional Regeneration Plan and prepare funding bids for consideration under the Targeted Regeneration Investment Programme.

Following the Welsh Government announcement of a new funding programme to support economic regeneration projects guidance on the new Targeted Regeneration Investment Programme (TRIP) was issued in October, 2017.  The overarching aim of TRIP is to support projects which promote economic regeneration, focussed on individuals and areas most in need. Local authorities are invited to submit capital investment proposals aimed at widening prosperity and improving community well-being.  Cabinet therefore considered the priority themes and projects which form the basis of the proposals to Welsh Government.

RESOLVED: that

1.            It be noted that the funding opportunity presented by the Welsh Government’s Targeted Regeneration Investment Programme and associated match-funding requirements;

2.            priority themes and projects for the Targeted Regeneration Investment Programme set out in the report be agreed;

3.            Authority be delegated to the Corporate Director, People and Communities, Director of Economic Development, and Director of Planning, Transport and Environment, in consultation with the Cabinet Member for Housing & Communities, Cabinet Member for Investment and Development and Cabinet Member for Strategic Planning and  Transport, to finalise details of the Council’s contribution to the Regional Regeneration Plan and prepare funding bids for consideration under the Targeted Regeneration Investment Programme.