Decision

The Executive Board has decided to release funding for a new ten-year regeneration plan for Skegness.

Analysis

outcome: The Executive Board agreed to release the funding and delegated authority to the Director of Economic Development to manage and approve the necessary arrangements.

summary: The decision involves releasing funding from Central Government to support the development of a new ten-year regeneration plan for Skegness.

topline: The Executive Board has decided to release funding for a new ten-year regeneration plan for Skegness.

reason_contentious: This issue may be contentious as it involves significant financial investment and long-term planning for the regeneration of Skegness, which could impact various stakeholders in the community.

affected_stakeholders: ["Central Government", "Director of Economic Development", "Portfolio Holder for the Coastal Economy", "Neighbourhood Board for Skegness"]

contentiousness_score: 7

political_party_relevance: There are no explicit mentions of political parties in the decision, but political influence may be present in the allocation of funding and decision-making process.

URL: https://democracy.e-lindsey.gov.uk/ieDecisionDetails.aspx?ID=809

Decision Maker: Executive Board

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose:

Content: ·       That the release of all revenue capacity funding provided by Central Government, to support the development of a new ten-year regeneration plan for Skegness be agreed.   ·       That the Director of Economic Development, in consultation with the Portfolio Holder for the Coastal Economy and the Neighbourhood Board for Skegness be delegated authority to agree and expend all capacity funding provided by the Government.   ·       That the Director of Economic Development, in consultation with the Portfolio Holder for the Coastal Economy and the Neighbourhood Board for Skegness be delegated to approve and enter all of the necessary contractual arrangements to progress the submission of a ten-year Regeneration Plan and four-year investment plan for Skegness.   ·       That the Director of Economic Development, in consultation with the interim Director of Finance and Portfolio Holder for the Coastal Economy be delegated authority to the drawdown of up to £40,000 from the Economic Growth Reserve in order to meet the proposed spend outlined at 3.3.   ·       That the Director of Economic Development, in consultation with the interim Director of Finance and Portfolio Holder for the Coastal Economy be delegated authority to draw down additional sums from the balance sheet account up to £210,000 to deliver the Plan.

Date of Decision: July 2, 2025