Decision details

The Portfolio Holders are recommended to:

-       Note the award of £200,000 Brownfield Land Release Funding to Fenland District Council;

-       Authorise receipt of that funding and its subsequent allocation within Fenland District Council for the purposes for which it was granted; and

-       Authorise CMT to enter into all of the necessary legal and financial documentation required to give effect to these arrangements to include the Grant Funding Agreement at Appendix A.

Approval of the recommendations set out in this Decision Notice will enable the Council to access the funding it has been granted and for it to then be allocated and utilised in accordance with the terms of the bid and Grant Funding Agreement.  The funding, if approved, will enable Fenland District Council to meet some of the costs associated with the development of Nene Waterfront.

To not receive the funding and the terms and conditions associated with it and continue to develop the site without that additional investment recognising the additional costs will be borne by the overall site viability and implementation.