Decision details

City Centre heritage properties

Decision Maker: West Yorkshire Combined Authority

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

A scheme to fund the remediation and enabling works at three heritage properties in Bradford City Centre to make them viable to be developed commercially.

Decision:

Resolved:  In respect of the Bradford city centre heritage properties development scheme -

That following a recommendation from the Investment Committee the Combined Authority approves:

(i)         That the Bradford city centre heritage properties development scheme proceeds through decision point 2 and work commences on activity 3 (outline business case).

(ii)        That an indicative approval to the Combined Authority’s contribution of up to £7.4 million, which will be funded through over-programming against the Local Growth Fund, is given with full approval to spend being granted once the scheme has progressed through the assurance process to decision point 5 (full business case with finalised costs). The total project value is £31.602 million (private sector investment estimated at £24.202 million).

(iii)       That future approvals are made in accordance with the approval pathway and approval route outlined in the submitted report, including the use of a delegation to the Combined Authority’s Managing Director at decision point 5 (full business case with finalised costs).  This will be subject to the scheme remaining within the tolerances outlined in the submitted report.

Report author: Clare Zara Davies

Publication date: 28/06/2018

Date of decision: 28/06/2018

Decided at meeting: 28/06/2018 - West Yorkshire Combined Authority

Effective from: 06/07/2018