Agenda and draft minutes

Report of Corporate Director Communities.

The Chief Executive agreed:

·       To approve the release of up to £320,000 from the EZ Growth Reserve (created from retained business rates on the EZ) for the purpose of providing funding to improve the infrastructure serving the Hillhouse Technology Enterprise Zone.

·       To delegate authority to the Corporate Director Communities to enter into any and all necessary documents and agreements to implement the project and to make any funding of works conditional on suitable further agreement(s) being reached with NPL Estates (majority landowner within the Enterprise Zone) and other land owner(s) or related companies to provide complimentary infrastructure investment, as necessary, to make full use of the infrastructure investment by the council.

·       To authorise the Corporate Director Communities to enter into a grant funding agreement with Blackpool Council to use the contractor currently delivering the Local Full Fibre Network throughout Blackpool; to which these works would be an extension. Wyre Council would make a grant payment from the EZ Business Rates Growth Reserve to Blackpool Council with an estimated value of up to £250,000.

·       To authorise the Corporate Director Communities to enter into a grant funding agreement with NPL Estates (or related company) so that they may implement infrastructure improvements throughout the EZ. Wyre Council would make a grant payment from the EZ Business Rates Growth Reserve to NPL Estates (or related company) with an estimated value of up to £70,000.