Decision details

RESOLVED:            1)         That the submission of the Oasis project under round 2 of the Levelling Up Fund as set out in the report be approved.

2)          That delegated authority be granted to the Chief Executive and S151 Officer, in consultation with the Leader, Portfolio Holder for Development & Regeneration and Portfolio Holder for Finance to agree the final application to be submitted to government by 6 July 2022.

3)            That the budget as set out in the report be approved to undertake further due diligence and development of project delivery requirements for the Oasis project in the period up to the outcome of the bid which is expected at the end of 2022.

4)            That subject to the successful outcome of the bid, a separate report be brought to Cabinet to approve the final scope of the Oasis project and to amend the capital programme for 2022-26 to incorporate the match funding and delivery requirements of the project.

Reason for Decision

To secure investment in the borough to support the ambitions to level up West Norfolk

The portfolio holder change to recommendation 2 reflects the interests declared in the meeting.