Issue - meetings

Retail Support Initiative Grant Application - (Executive Decision)

Meeting: 12/02/2020 - Area East Committee (Item 140)

140 Retail Support Initiative Grant Application - (Executive Decision) PDF 111 KB

Decision:

RESOLVED:

That £2,500 be awarded from the Area East revenue reserve budget, RSI element, ring-fenced for the Wincanton Top-up scheme, as a 40% contribution to the exterior improvements at 14 Market Place, Wincanton subject to the standard condition contained at the end of Appendix A.

(Voting: unanimous in favour)

Reason: To agree a grant towards exterior improvements at 14 Market Place, Wincanton.

Minutes:

The Specialist (Economy) introduced the report. She explained that members were being asked to consider a request for funding in relation to a property in Wincanton that had been empty for some time and qualified for the higher level funding. The application was being considered as an exception to policy under the Retail Support Initiative’s operating criteria due to the assessment score because of the future use of the premises by the Police.

In response to questions, members were informed of the following:

· The project costs related to the front façade of the premises.

· The Police would contribute towards the interior refurbishment of the building.

· The Retail Support Initiative was unique to Area East and promoted across the area and a number of applications had been supported.

· The application met the existing criteria.

· The annual review of the operation of the scheme would be brought to members at the April Area East Committee meeting.

At the conclusion of the debate, members unanimously supported the recommendations of the report.