(Key decision):
(1) To note the Newhaven Town Deal offer of £19.3 million from Government.
(2) To delegate authority to the Director of Regeneration and Planning, in consultation with the Chief Finance Officer, Lead Member for Finance and Assets and Lead Member for Regeneration and Prosperity to:
(a) Review and sign-off completed business cases for each of the 7 Strategic Programmes within the Newhaven Town Deal, to unlock funding from Government.
(b) Enter, or authorise entry into, all necessary documentation with the Department for Levelling Up, Housing and Communities (DLUHC) to receive the advanced funding (as specified in paragraphs 4.1 to 4.3 of the report) and the subsequent Town Deal funding.
(c) Enter, or authorise entry into, all necessary documentation with Delivery Partners, to ensure that appropriate monitoring and evaluation of target outcomes is undertaken in line with the Council’s procedures and processes.