Issue details

Towns Fund Business Cases and Grant Funding Agreements approval - KEY/18FEB22/04

The Cabinet Member, following the endorsement of the Town Deal Board on the 14th March 2022 in respect of the business cases for the Lakeside Activity Centre and Green Technology Centre, delegate authority to the Monitoring Officer, Director of Resources (s151 officer) and the Executive Director Place and Economy to;


1.    Approved Town Deal Business Cases, as set out at Appendix 1 of this report, and submit them to Department for Levelling Up, Housing and Communities (DLUHC) for approval in line with our agreed Towns Fund programme.


2.    To agreed and enter into Grant Funding Agreements with third party delivery partners and,


3.    Transfered the Towns Fund grant subject to funding conditions and approval from DLUHC.


Decision type: Key

Reason Key: Significantly affecting two or more electoral wards;

Decision status: Recommendations Approved

Wards affected: Central; Fletton and Stanground; Orton Longueville; Park;

Notice of proposed decision first published: 28/01/2022

Anticipated restriction: Part exempt  - View reasons

Explanation of anticipated restriction:
There is an exempt appendix which is not for publication in accordance with paragraph (s) 3 of Schedule 12A of Part 1 of the Local Government Act 1972 in that it contains information relating to the financial affairs of third parties. The public interest test has been applied to the information contained within the exempt annex and it is considered that the need to retain the information as exempt outweighs the public interest in disclosing it as to do so would disclose commercially sensitive information about the third-party partners, Nene Park Trust and Peterborough College.

Decision due: Not before 1st Apr 2022 by Cabinet Member for Strategic Planning and Commercial Strategy and Investments

Lead director: Executive Director Place and Economy

Department: Place and Economy

Contact: Karen Lockwood, Programme Manager, 07825 902794, Email:

Consultation process

Towns Fund Board consulted and approved process at Board Meeting 20/01/22.

Relevant Scrutiny Committee: Growth, Environment and Resources Scrutiny Committee