Decision details

The report proposes the establishment of an Urban Development Fund (UDF) for Lancashire using £15m of European funding to leverage £10m of co-investment.

This is deemed to be a Key Decision. Compliance with Standing Order C19(5), where a summary of the relevant Part II report in respect of the decision should have been published at least five clear working days before the decision is taken, was impracticable due to the complexity of the proposals which meant that the report has only just been finalised to allow the proposals to be brought forward for decision. The provisions of Standing Order C21 have therefore been complied with.

Cabinet approved the recommendation as set out in the report.