Meeting Details

Revolving Investment Fund Committee
20 Mar 2019 - 18:00 to 00:00
Occurred

Documents

Agenda

Part A
1 Welcome and Announcements
The Chairman will welcome members of the public and Councillors and remind everyone to use microphones at all times when they are speaking. The Chairman will also explain action in the event of an emergency, mobile phones switched to silent, audio-recording of the meeting. Councillors who are members of the committee will introduce themselves.
2 Substitutions
Councillors will be asked to say if they are attending on behalf of a Committee member who is absent.
3 Urgent Items
The Chairman will announce if there is any item not on the published agenda which will be considered because it is urgent and will explain the reason for the urgency.
4 Declarations of Interest
Councillors will be asked to say if there are any items on the agenda about which they have a disclosable pecuniary interest which would prevent them from participating in any discussion of the item or participating in any vote upon the item, or any other pecuniary interest or non-pecuniary interest.
5 Minutes of Previous Meeting
The Committee will be invited to confirm that the minutes are a correct record of the meeting held on 16 January 2019.
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RESOLVED that the minutes of the meeting held on 16 January 2019 be confirmed as a correct record.

6 Have Your Say!
The Chairman will invite members of the public to indicate if they wish to speak or present a petition on any item included on the agenda or any other matter relating to the terms of reference of the meeting. Please indicate your wish to speak at this point if your name has not been noted by Council staff.

The Committee will consider a report on the forthcoming application to the Ministry of Housing, Communities and Local Government (MHCLG) ‘Future High Streets’ programme.

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The Assistant Director, Policy and Corporate, submitted a report a copy of which had been circulated to each Member.  Matthew Brown, Principal Development Manager, attended to present the report and assist the Committee.

 

In discussion members asked Matthew about the possibility of receiving some early funding than the expected 2020 date. Matthew Brown informed the Committee that there might be a possibility of requesting some funding of at least £250,000 summer 2019, if successful with moving on to Phase 2 (business case development) which then would help with funding further studies.

 

Matthew Brown also highlighted three Historical buildings located within the Business Improvement District (BID); Holy Trinity Church, St Georges Hall and Jumbo. Two Heritage assets are beyond the BID boundary; the Roman Church remains off Southway, and the Roman Circus Centre – these will be referenced within the application.

 

RESOLVED that:-

 

(a)       The contents of the Assistant Directors report, be noted ; in particular the proposed Vision and Strategy, the list of key issues and evidence identified to support the development of this Strategy and the strong support it has received from key partner organisations and groups with an interest in the Town Centre.

 

(b)       Authority for the finalisation and submission of an Expression of Interest to Government on 22nd March 2019 be delegated to the Assistant Director, Policy and Corporate, in consultation with the Portfolio Holder for Business and Culture.

 

(c)        The development of related Business Cases and further stakeholder development and consultation (which would be funded through revenue drawn down from MHCLG as part of this programme) in the event that Colchester is successful at the EOI stage be agreed.

 

REASONS Future High Streets’ gives Colchester an opportunity to secure financial and nonfinancial support from Government to ensure our town centre is fit for future purpose. It builds on the Council’s ‘Better Town Centre Plan – Colchester Town Centre Supplementary Planning Document’ (2012) and the ‘Our Colchester’ (Business Improvement District) Vision and Business Plan (2018) identifying key themes and interventions needed to enhance the important Town Centre area.

 

The Vision and Strategy has been endorsed by key stakeholders including ‘Our Colchester’ (BID), Policy and Public Initiatives Panel, Colchester Creative Board, Safer Colchester Partnership, key organisations representing History and Heritage, Business and Enterprise, ECC & SE LEP, and wider Community Groups and Organisations that have an interest in the Town Centre.

 

ALTERNATIVE OPTIONS

 

It will be possible to apply to other Funding Opportunities from Government as they arise, however ‘Future High Streets’, represents a significant and timely opportunity to develop focused interventions that together will improve the sustainability and resilience of our town centre in the face of current and significant challenges.

8 Exclusion of the Public (Cabinet)
In accordance with Section 100A(4) of the Local Government Act 1972 and in accordance with The Local Authorities (Executive Arrangements) (Meetings and Access to Information) (England) Regulations 2012 to exclude the public, including the press, from the meeting so that any items containing exempt information (for example personal, financial or legal advice), in Part B of this agenda (printed on yellow paper) can be decided. (Exempt information is defined in Section 100I and Schedule 12A of the Local Government Act 1972).
Publication and Call-in arrangements

Date Published 21 March 2019

 

Date when decisions may be implemented (unless 'called in') 5pm 28 March 2019.

 

NB All decisions except urgent decisions, those subject to pre-scrutiny and those recommended to Council may be subject to the Call-in Procedure.

 

Requests for the scrutiny of relevant decisions by the Scrutiny Panel must be signed by at least ONE Councillor AND FOUR other Councillors to countersign the call-in form OR to indicate support by e-mail. All such requests mist be delivered to the Proper Officer by no later than 5pm on Thursday 28 March 2019.

 

Part B
The Committee will invited to confirm the not for publication extract from the minutes of the meeting held on 16 January 2019 as a correct record.
  1. RIF 160119 - not for publication extract
    • This report is not for publication by virtue of paragraph 3 of Part 1 of Schedule 12A to the Local Government Act 1972 (financial / business affairs of a particular person, including the authority holding information).
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RESOLVED that the not for publication extract from the minutes of the meeting held on 16 January 2019 be confirmed as a correct record.

Meeting Documents

There are no separate meeting documents but there may be meeting documents assigned to the Agenda.

Declarations of Interests

Visitors

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