Agenda item

Report from the Executive Director of Regeneration and Environment.

Recommendations:

That Cabinet:

1. Endorse the establishment of a Don Valley Corridor programme and partnership with SYMCA and SCC.

2. Endorse the establishment of a Mayoral Development Zone for the Don Valley Corridor with delegation to the Executive Director of Regeneration & Environment, in consultation with the S151 Officer, the Monitoring Officer and the Cabinet Member for Transport, Jobs and the Local Economy to agree the governance principles and implement the preferred model.

3. Agree to: allocate £400,000 of Gainshare revenue to the resourcing of the programme and project feasibility for its first 3 years, this being subject to SYMCA’s formal approval; and  delegate to the Executive Director of Regeneration & Environment, in consultation with S151 Officer and Cabinet Member for Transport, Jobs and the Local Economy, the allocation of this £400,000 to specific activities.