Wirral Waters Investment Fund Amendment to Financial Assistance Grant
Decision Maker: Cabinet Member - Regeneration and Growth
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
The report of the Assistant Director, Growth, Regeneration and Place, seeks approval for a minor variation to the original Grant Funding Agreement. This would involve changing the applicant and recipient from Peel Investments (Intermediate) Limited (the “Original Applicant”) to Wirral Waters Land No1 Limited (the “New Applicant”) to reflect the change in ownership of the site.
(1) the Grant Funding Agreement be amended to reflect the change in the applicant from Peel Investments (Intermediate) Limited (the "Original Applicant") to Wirral Waters Land No1 Limited (the "New Applicant");
(2) the Grant Funding Agreement be amended to accommodate a slight change to the location of the new industrial units (attached as Appendix 1to the report);
(3) the Director of Governance and Assurance be authorised, in consultation with the Director of Regeneration & Place, to amend the legal agreement between the Council and the new landowners, Wirral Waters Land No1 Limited, and subject to the detailed contracting process;
(4) officers continue to progress the project and the Grant Funding Agreement as agreed by Cabinet, but with the new applicant, Wirral Waters Land No1 Limited.
Reasons for the decision:
As listed in the report.
Publication date: 22/01/2020
Date of decision: 22/01/2020
Effective from: 30/01/2020