Decision Maker: WMCA Board
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
To approve the funding for Abbey Fields as a
Local Growth Initiative
(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: