RESOLVED: 1) That the draft Business Case as set out in appendix 1 to the report be endorsed.
2) That delegated authority be granted to the Chief Executive, the Deputy Leader and the Portfolio Holder for Development and Regeneration to approve the final Business Case in their capacity as representatives of the Council on the Town Deal Board.
3) That delegated authority be granted to the Section 151 Officer to approve the final Business Case and sign the Business Case Summary Document for submission to government in the Council’s capacity as Accountable Body for the Town Deal.
Reason for Decision
To approve the Business Case as the Accountable Body for the Towns Fund to ensure the funding is secured to deliver the Guildhall & Creative Hub project; to deliver the investment priorities in the Town Investment Plan for King’s Lynn and support the long term economic prosperity of the town.
Cabinet did not accept the additional recommendation from the Panel at this stage as the information would be provided further down the line, once the business case had been submitted, as the timeframes for submission were exceedingly tight.