Archived decisions
Hampshire County Council Executive Member for Policy and Resources Item 3 7 December 2007 Allocation of Local Authority Business Growth Incentive (LABGI) funding Report of the Head of Economic Development |
Contact: John Rees-Evans Tel. 01962 846628 email: [email protected]
1. Summary:
The following decision is sought:
a) That a proportion of the recent LABGI windfall receipt be allocated to three schemes in support of local businesses and communities.
b) That 30% of future LABGI receipts be allocated to economic development projects.
2. Reason
2.1 Responds to the needs arising from the proposed withdrawal of post office services.
2.2 Responds to the aims of the scheme to provide local authorities with an incentive to support local businesses and communities.
Other Options considered and rejected
2.3 The schemes proposed are most likely to achieve the desired impacts and fit with with the Corporate Business Plan and Corporate Priorities.
3. Conflicts of Interest declared by the decision maker or other Executive member consulted - none.
4. Dispensation granted by the Standards Committee - none.
5. Reason(s) for the matter being dealt with if urgent - none.
Approved by Cllr K T Thornber CBE, Executive Member for Policy & Resources:
Signed.................................................
7th December 2007: