Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The aim of the Future High Street Fund was to renew and reshape high streets with the inclusion of other uses to drive increases in footfall. Through a lengthy application process Thanet District Council was awarded funding from the Fund to deliver a creative workspace scheme. Unfortunately, due to changing circumstances, the building originally identified to deliver the workspace project in, has been leased to a private business, and with further assets either having been sold, or leased to a third party, or in relation to a previous decision on the 13 October, 2023, the landlord has become unresponsive.
The Council also has the opportunity to include the Levelling Up Programme Funding for the Access to Opportunities in the town centre project as part of this delivery. This allows for greater value to be added to both the Future High Street Fund project and the Levelling Up Fund project.
1. To Authorise the Director of Regeneration to include the Levelling Up Fund monies for the ‘Access to Opportunities’ (town centre) project to be included within the Future High Street Fund project for delivery. The funding allocated is approximately £250,000;
2. To give delegated authority to the Director of Regeneration, in consultation with the Interim Director of Property, to complete negotiations for the purchase of a town centre property within the approximately £1.31m externally funded budget. The funding allocated will need to deliver the purchase of the asset, and refurbishment in order to meet the outputs of the Future High Street Fund and the Levelling Up Fund project.
To provide approval to deliver the revised Future High Street Fund creative workspace project, in conjunction with the Levelling Up Fund Access to Opportunities town centre project.
Report author: Louise Askew
Publication date: 06/03/2023
Date of decision: 02/03/2023
Decided at meeting: 02/03/2023 - Cabinet
Effective from: 14/03/2023