9
The Committee received and considered the report from the Project Manager.
The Strategic Director reported that at the Town Deal Board on the 16 March 2022, nine Investment Priorities were agreed for submission to Government constituting a Town Investment Plan totalling £20.1 million including Intervention 6 which is the restoration and adaptation of the historic Ice House in Great Yarmouth as a performance venue and National Centre for Arts and Circus.
The report sets out the proposal to grant fund Out There Arts as the Council’s delivery partner of Intervention 6, to undertake the redevelopment of the Ice House building and convert it into a public performance venue and training space.
The Strategic Director reported that there had been a change to the recommendation and that the Committee could resolve to agree the funding and this did not have to go to Full Council.
RESOLVED:-
That the Committee:-
(i) Agree the release of £500,000 comprising £450,000 Town Deal funding and £50,000 Great Yarmouth Borough Council’s Business Rates Pool allocation subject to compliance with funding conditions and the parameters set out in this Report.
(ii) Resolve (subject to Council’s agreement to the release of funds) to grant Out There Arts(SeaChange Trust) £500,000 to re-purpose the Ice House as a performance venue and National Centre for Outdoor Arts & Circus as set out in the Report and deliver the associated outcomes, subject to Government confirming their acceptance of the Full Business Case Summary Documents submitted for inspection on 24 March 2022; and
(iii) Delegate authority to the Strategic Director to agree and sign the grant agreement on behalf of the Council with Out There Arts (SeaChange Trust).