Resolved
(1) That the year 3 allocations of £1,340,156 be agreed as follows:
· Affordable Housing £100,240
· Financial Pressure Allocation £619,958
· Economic Development £450,669
· Planned Growth in the District £169,289
Total year three allocation £1,340,156
(2) That authority be delegated to the Director of Resources and the Head of Strategic Planning and the Economy in consultation with the Lead Member for Financial Management and the Lead Member for Estates and the Economy to determine the schemes on which those funds allocated for economic development purposes should be spent.
(3) That authority be delegated to the Director of Resources and the Head of Strategic Planning and the Economy in consultation with the Lead Member for Financial Management and the Lead Member for Estates and the Economy to agree future year allocations of New Homes Bonus.