The Committee considered a report on the Future High
Street Fund – Intervention 4:
Property Enhancement Scheme – The Cross and Angel
report explained that the Policy and Resources Committee has been
receiving reports related to the Future High Street Fund (FHSF)
programme and has approved funding terms as well as acquisitions of
certain assets and commitment of expenditure to public realm. The
Place and Economic Development Committee also has a remit in
respect of the FHSF programme, where decisions relate to the
economic outcomes and end uses of these assets. This report relates
to the fourth intervention set out in the FHSF programme (The Cross
and Angel Street).
proposed that the City Council will work with owners to
identify and fund remediation works to bring vacant and underused
buildings, many of which are historic properties, back into use.
Owners would be expected to contribute towards this intervention,
with the potential to also work with Historic England. The funding allocated is up to £600,000.
This report set out the proposed terms for the Property Enhancement
Scheme, including eligibility, available funding and delivery.
Delegated authority is sought to finalise and implement the Scheme
in consultation with Chair and Vice Chair of the
Committee. The indicative timeline was
set out in paragraph 3.7 of the report.
During discussions questions were raised
relating to the report as follows:
Clarification on the level of funding referred to in paragraph 3.5;
What steps would be taken if property owners decide not to take
advantage of the scheme.
advised that a written response would be provided for these
Members welcomed the report and expressed support
for the proposed scheme.
RESOLVED: That the Committee approves the Property
Enhancement Scheme (The Cross and Angel Street) in the terms set
out in this report and delegates authority to the Managing Director
and Corporate Director - Finance and Resources, in consultation
with the Chair and Vice Chair of the Committee, to finalise and
implement the Scheme.