Issue - meetings

To consider the report of the Cabinet Member for Regeneration and Economy providing an update on the City Centre Investment Fund (CCIF) delivery programme and seeking approval to allocate additional funding to existing and new projects.

Cabinet considered the report of the Cabinet Member for Regeneration and Economy which provided an update on the City Centre Investment Fund (CCIF) delivery programme and which sought approval to allocate additional funding to existing and new projects.

Councillor Watkins reported that approximately £1 million of the proceeds from the sale of land at St Oswalds Retail Park had been spent on a number of regeneration projects within the City Centre. She explained that the remainder of the fund had been committed to additional projects including phase 2 of the City Museum Improvements.

In response to the query from the Cabinet Member for Performance and Resources (Councillor David Norman) on the wording in paragraph 9.1 of the report, the Head of Finance confirmed that all the proceeds from the disposal of land had been committed to future regeneration projects, however the commentary referred to the element of the proceeds that remained.

Cabinet Members welcomed the ongoing improvements delivered within the City Centre commenting that they demonstrated excellent progress in improving the City’s cultural offer and components of the Cultural Strategy 2016-2022.