Decision details

The report will outline the UK Shared Property Fund and proposed TWBC Investment Plan for delivery of expenditure of up to £1m on projects delivered over the period 2022/23 – 2024/25.

1. That the Tunbridge Wells Investment Plan be approved.
2. That delegated responsibility be given to the Head of Economic Development in liaison with the Cabinet Member for Tunbridge Wells Town and Local Areas to make any necessary minor changes to the Tunbridge Wells Investment Plan prior to submission, for the purpose of presentation or improving clarity be approved.
3. That the Terms of Reference for the Local Partnership Group be approved.
4. That delegated responsibility be given to the Head of Economic Development in consultation with the Cabinet Member for Tunbridge Wells Town and Local Areas to agree projects either as

-       Grants to public or private organisations

-       Commissioning third party organisations

-       Procurement of service provision

-       In-house provision, be approved.

5. That authority be given to the Head of Legal Services to complete all legal formalities, agreements, deeds and other documents as are necessary and/or incidents to the recommendations be approved.

REASON FOR DECISION: To enable the Borough to benefit from funding from Central Government that would allow the Council to invest in the borough over the next two and half years.