Decisions for issue ERDF Business Support Programme

That Committee:

1)           Approves the proposal for the Council to manage the £2.865 million business grants fund which forms one element of the European Regional Development Fund (ERDF) Business Support Programme led by the University of Chichester.

2)           Grants delegated authority to the Executive Director Economy Environment and Culture to enter into the agreements necessary to put the recommendation set out in 2.1 into effect, including:

(i)            A grant management agreement with the University of Chichester; and;

(ii)          Grant agreements with the recipients of the business grant fund.

3)           Notes the delayed start to the ERDF Business Support Programme and agrees that the Council’s match funding contribution of £90,000 will now be made from 2019/ 2020 to 2021/2022.