{meta} Decision - Salford Crescent - Funding to support Crescent Innovation Scheme

Decision details

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

Salford City Council - Record of Decision

 

I, Councillor John Merry, Deputy City Mayor, in exercise of the powers contained within the City Council constitution do hereby:

 

1.    Approve Salford City Council entering into a grant funding agreement with NW Evergreen Holdings for the receipt of a maximum sum of £200,000 in relation to the Evergreen Surplus Grant Funding for Salford Innovation District.

 

2.    Give delegated authority to the Strategic Director Place, City Solicitor and Chief Finance Officer to negotiate and finalise the detailed financial, commercial and contractual arrangements in respect of the proposed grant from NW Evergreen Holdings to the Council.

 

3.    Note the receipt of a maximum sum of £100,000 from TfGM in relation to District development funding for Salford Rise. 

 

4.    Approve Salford City Council entering into a grant funding agreement with English Cities Fund for the provision of onward funding of the maximum sum of £296,500 in relation to Evergreen Surplus Grant Funding and TfGM District development priorities funding to develop design and delivery proposals for Salford Rise and outline proposals for Salford Innovation Park.

 

5.    Give delegated authority to the Strategic Director Place, City Solicitor and Chief Finance Officer to negotiate and finalise the detailed financial, commercial and contractual arrangements in respect of the proposed onward grant from the Council to English Cities Fund.

 

6.    Authorise the City Solicitor to enter into and complete all necessary agreements or documents to give effect to the above recommendations.

 

The Reasons are to seek approval for the grant funding arrangements to develop the proposals for Salford Innovation District. 

Options considered and rejected:             n/a

 

Assessment of Risk:                                    Low

 

The source of funding is:                            £200,000 from the GMCA Evergreen Surplus Fund

 

 

Legal Advice obtained:                               Lauren Armstrong

Manchester Shared Legal Service

 

Financial Advice obtained:                         Natalie Birchall  Finance Manager

 

Procurement Advice obtained:                  Deborah Derbyshire

 

Climate Change Implications Obtained:   Sarah Heslop

 

 

The following documents have been used to assist the decision process.

Report submitted to Property/Regen Briefing on 22 November 2022

Contact Officer:  Sarah Heslop, Group Leader Development

                           Tel No 0161 686 7411

 

                           Kurt Partington, Head of Development

 

 

This decision is not subject to consideration by another Lead Member /Strategic Director

The appropriate scrutiny committee to call-in the decision is the Growth and Prosperity Scrutiny Panel.

 

 

Signed: Councillor John Merry                                                            

Deputy City Mayor

Dated: 22 November 2022                                                      

 

 

This decision was published on Monday 22 November 2022.                                             

This decision will come in force at 4.00 p.m. on Monday 29 November 2022                                   unless it is called-in in accordance with the Decision Making Process Rules.

 

 

Publication date: 22/11/2021

Date of decision: 22/11/2021

Decided at meeting: 22/11/2021 - Property / Regeneration Briefing

Effective from: 30/11/2021

Accompanying Documents: