(a) That the successful bid to the Levelling Up fund and the approach and progress to date, be noted.
(b) That the sum of £3.5m, be allocated to match funding as proposed to Department for Levelling Up, Housing and Communities (DHLUC) in the Council’s LUF (Levelling Up Fund) Bid from the approved Capital Programme.
(c) That subject to agreement of DHLUC, authority be delegated to the Executive Director of Place, in consultation with the Portfolio Holder for Levelling Up and the Executive Director of Corporate Development, the decision to reallocate Levelling Up Funds from the proposed New Bond Street scheme to Weymouth Bowl site scheme, and other sites as appropriate.
(d) That a further report to agree the approaches to development on the relevant sites be presented to a future meeting of Cabinet.
Reason for the decision
This decision brings members up to date on the progress of the Weymouth Waterside Regeneration bid to the Levelling Up Fund and takes the next steps to allow further progress.