Decision details

- To award a capital grant of £244,390 to The Cheltenham Trust for the replacement of gym equipment and refurbishment work at Leisure@ Cheltenham.

- To enter into a grant agreement with the Cheltenham Trust that will specify how the grant is to be used.

- To delegate authority to the Director of Finance and Assets in Consultation with the Cabinet Member for Economic Development, Wellbeing and Culture and the Director of One Legal to agree the final wording of the grant agreement and enter into any legal arrangements or other documentation as may be required to implement or facilitate the project.

The use of the grant for the replacement of the gym equipment and refurbishment work at will create an enhanced experience for visitors to the Council owned leisure centre as well creating a more commercial offer for The Cheltenham Trust to support their financial sustainability.

The alternative option is to ringfence the monies for a different purpose. This has been discounted as the gym equipment is at end of life and the business case provided by the Cheltenham Trust demonstrates that the replacement would generate greater footfall for the building, generating increased levels of income for the charity.