Issue - meetings

March 2021 Revenue Investment Fund allocation recommendations

Meeting: 08/04/2021 - Cabinet (Item 2)

2 Revenue Investment Funds 2020/21 pdf icon PDF 148 KB

A report that seeks Cabinet approval for the funding of a series of initiatives through the Revenue Investment Fund.


Cabinet Portfolio Holder – Councillor Peter Butlin

Additional documents:


Councillor Peter Butlin (Deputy Leader – Finance and Property) introduced the item and summarised the key elements of the published report. The three initiatives before Cabinet are consistent with the Covid-19 Recovery Plan. Tourism, he added, is across the entire county and the funds assigned will be used where needed.


Councillor Heather Timms (Portfolio Holder for Environment and Heritage & Culture) informed Cabinet that the tourist industry in Warwickshire is ready for the end of Covid-19 restrictions. Tourism is a key element of the county’s economy and needs to resume as soon as possible.


Regarding the Jump Start Project Councillor Jeff Morgan (Portfolio Holder for Children’s Services) asked how those companies that are currently underrepresented in the economy will be communicated with. In reply Cabinet was informed that this will be through the Coventry and Warwickshire Local Enterprise Partnership, Chamber of Commerce and the Federation of Small Businesses.




That Cabinet:


1)       Supports the progress made on the Place Shaping strategy with the Social Enterprise Support project approved by Corporate Board under the authorisation delegated to Chief Executive at a cost of £0.039m.


2)       Approves the bids as detailed in section 2.1 and 2.9, amounting to £0.103m from the Climate Change Investment Fund and £0.622m from the Place Shaping and Economic Growth Fund.


3)       Authorises the Strategic Director for Communities to procure and enter any agreements to give effect to the above proposals on terms and conditions acceptable to the Strategic Director for Resources.