Issue - meetings

Levelling Up Fund Award

Meeting: 23/07/2024 - Cabinet (Item 8)

Report of Cabinet Member for Major Developments and Housing Delivery

Additional documents:

Appendix 2 - LUF Round 2 Bid - EXEMPT , View reasons restricted (8/2)

Decision:

RESOLVED THAT:

1. the allocation of £20m grant funding from the Levelling Up Fund for use towards development of the National Cyber Innovation Centre and Mobility Hub is accepted.

Minutes:

The Cabinet Member for Major Developments and Housing Delivery introduced the report which sought Cabinet approval to accept the £20m grant from the Levelling Up Programme. He thanked officers across the council for all their work in submitting this second successful bid, which he said would help fund the National Cyber Innovation Centre and Mobility Hub. Although the council’s investment is over £140m, the benefit to the town will be astronomical over the years to come – it is the biggest development and growth item in Gloucestershire and the south west - this small grant is welcome, and he hopes that the new government will recognise the significance of the project and provide further funding.

There were no Member questions or debate on this item.

RESOLVED THAT:

1. the allocation of £20m grant funding from the Levelling Up Fund for use towards development of the National Cyber Innovation Centre and Mobility Hub is accepted.