Decision details

Decision Maker: WMCA Board

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To approve the funding for Abbey Fields as a Local Growth Initiative

Decision:

(1)      Abbey Fields as a local growth initiative, and the reimbursement of business rates to fund the costs associated with capital expenditure for Abbey Fields as outlined in the ‘financial implications’ section of the report, were approved, subject to sufficient business rates uplift being generated in the relevant sites and the signing of the legal deed by all parties in respect to the management of retained business rates.

 

(2)      Approval was delegated to the WMCA’s Section 73 Officer to finalise the quantum and profile of the reimbursement of rates based on the principles outlined in the ‘financial implications’ section of the report.

Report author: Claire Nye

Publication date: 12/01/2025

Date of decision: 10/01/2025

Decided at meeting: 10/01/2025 - WMCA Board

Accompanying Documents: