Issue details

Margate Town Deal

The successful Margate Town Deal Investment Plan includes a number of projects. Since the funding offer was made and the Heads of Terms were agreed, the Council has been working with stakeholders and project delivery partners to put together a series of Business Cases, which are compliant with HM Treasury guidance. Two of the projects being delivered by third parties include the Margate Creative Land Trust and the Oval Bandstand and Lawns project. 

 

Thanet District Council is the accountable body for the Margate Town Deal and it will grant fund third parties to deliver the projects as identified in the Business Case. An executive decision is required because the expenditure exceeds £250,000. 

 

The Council has a formal grant agreement which will be used when allocating funding to third parties, Cabinet is required to approve this allocation as a key decision.

Decision type: Non-key - Low

Decision status: Recommendations Approved

Decisions

Agenda items