Issue - meetings

The attached annual report sets out proposals for the Growth Zone budget and programme for 2023/24.  It reflects the Executive Mayor’s Business Plan 2022 – 2026, the need to support the approach to recovery and renewal of Croydon town centre following the devastating socio-economic impact of the coronavirus pandemic, challenging macro-economic conditions and the implications for development activity.  The Growth Zone income is ring fenced by the Statutory Instrument and provides an additional funding source.  Therefore, positively contributing the Council’s financial position. 

RESOLVED: To

1.1.          To agree £12,261,000 budget for the ‘Delivering the Growth Zone’ programme 2023/24;

1.2.          To note the indicative funding profile for Growth Zone Sub Groups and projects as detailed in Table 1 of this report; and,

1.3.          To agree subject to the requirement to comply with the provisions of Part 4G of the Constitution in taking delegated decisions, and the parameters previously approved in the March 2021 Cabinet report ‘Delivering the Growth Zone’ delegate to the Corporate Director of Sustainable Communities, Regeneration & Economic Recovery in consultation with the Chief Finance Officer (Section 151) and the Cabinet Member for Planning and Regeneration authority to make necessary changes to the funding assigned to Sub Groups as outlined in Table 1.