Issue - meetings

Report of Councillor David Molyneux, Portfolio Lead for Resources & Investment & Steve Wilson, GMCA Treasurer.

1.                  That the report be noted.

2.                That the latest position against the approved investments from the retained business rates reserve be noted.

3.                That the proposed seven additional schemes at a cost of £15.9m be approved.

4.                That the return of the residual funding of £16.7 to the 10 Greater Manchester Authorities on the proposed basis be approved, final details to be confirmed between the GMCA Treasurer and the District Treasurers.

5.                That the proposals for ongoing monitoring of business rates investments be noted and that the use of any further slippage be submitted to the GMCA for approval with priority placed on supporting businesses and district’s financial positions.

6.                That further information on the proposed scheme by Unified Architecture be provided to Councillor Richard Leese in order to give further assurance as to its potential delivery.