Members considered a progress report on the overall growth and regeneration of Gainsborough, alongside:

·         The delivery and funding strategy for the proposed leisure scheme within Gainsborough town centre;

·         The delivery and funding strategy for a proposed housing scheme, public realm and riverside walkway at Bowling Green Road;

·         The delivery of a new junction arrangement at the interchange between Corringham Road and the A631, to improve road safety and to unlock further growth of Gainsborough, including at the Northern Sustainable Urban Extension.

Debate between Members and officers then took place; this led to further information being provided by officers.

As the recommendations required approval from both Prosperous Communities and Corporate Policy and Resources Committees, recorded votes were taken separately, with Prosperous Communities being first, following the resolutions being moved and seconded by both Committees.  The resolutions were taken en bloc (by each committee in turn):

Following an alphabetical roll call, with a total of 15 votes cast in favour and 0 against it was RESOLVED by Prosperous Communities Committee to:

1.    Note the progress which had been made in securing funds, market

interest and a delivery strategy for the redevelopment of the identified

sites and key infrastructure improvements in Gainsborough as part of the overall growth and regeneration programme;

2.    Approve the delivery strategy for the proposed leisure scheme in

Gainsborough Town Centre as outlined in the report; and;

3.    Approve the delivery strategy for a proposed housing scheme, public

realm and riverside walkway at Bowling Green Road, Gainsborough as

outlined in the report.

Following an alphabetical roll call, with a total of 12 votes cast in favour and 0 against it was RESOLVED by Corporate Policy and Resources Committee to:

4.    Approve Option 1 as the preferred funding strategy to deliver the leisure scheme in Gainsborough Town Centre, including the approval of a Grant Funding agreement to the operator (delegated to the Executive Directors of Resources and Growth in consultation with both the Chairman of Corporate Policy and Resources Committee and the Chairman of Prosperous Communities Committees) to be enacted by October 2019;

5.    Approve Option 2 as the alternative funding strategy to deliver the leisure scheme in Gainsborough Town Centre in the event that Option 1 cannot be delivered (delegating the finalisation of the financial model to the Executive Directors of Resources and Growth in consultation with both the Chairman of Corporate Policy and Resources Committee and the Chairman of Prosperous Communities Committees);

6.    Approve the funding strategy for a proposed housing scheme, public

realm and riverside walkway at Bowling Green Road, Gainsborough as

outlined in Section 4, including the sale of the Council’s freehold interest in this site and a Grant Funding Agreement to ACIS and partners (delegating the finalisation of the disposal of the land and Grant Funding Agreement to the Executive Directors of Resources and Growth in consultation with both the Chairman of Corporate Policy and Resources Committee and the Chairman of Prosperous Communities Committees);

7.    Approve expenditure of up to £1m of the approved Capital Budget for

Corringham Road and the A631 Junction in Gainsborough to improve road safety and to unlock the further growth of the town including via the Northern Sustainable Urban Extension as outlined in Section 5 (with £0.5m from the Greater Lincolnshire Local Enterprise Partnership (GLLEP) grant and £0.5m from private sector contribution via Section 106 funding (if planning permission is granted) (delegating the finalisation of the Grant Funding Agreement to the Executive Directors of Resources and Growth in consultation with both the Chairman of Corporate Policy and Resources Committee and the Chairman of Prosperous Communities Committees);

8.    Approve that the Council underwrites the £0.5m private sector

contribution due to Lincolnshire County Council should the trigger date of March 2021 not be achieved;

9.    Agree that all delegations granted by this report will be subject to a

maximum 10% tolerance to allow for negotiations.