Issue - meetings
Marches Business Broadband Grant Scheme
Meeting: 18/01/2017 - Cabinet (Item 116)
116 Marches Business Broadband Grant Scheme 
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Lead Member – Councillor Steve Charmley – Deputy Leader and Portfolio Holder for Business and Economy
Report of the Director of Place and Enterprise
Contact: George Candler Tel: 01743 255003
Decision:
RESOLVED:
That £842,853 from decommissioned contract obligations, in its BDUK Phase 1 project, be swapped for capital ring fenced funding in its Phase 2b procurement. The released capital of £842,853 will be used to enable Shropshire Council to draw down an additional £1,331,825 ERDF funding to support businesses with individual grants that will enable NGA or BGB.
Minutes:
The Portfolio Holder for Business and Economy presented a report of the Director of Place and Enterprise setting out a recommendation to reallocate unspent Phase 1 Broadband Delivery UK (BDUK) grant funding to support a complimentary Marches European Regional Development Funding (ERDF) project.
RESOLVED:
That £842,853 from decommissioned contract obligations, in its BDUK Phase 1 project, be swapped for capital ring fenced funding in its Phase 2b procurement. The released capital of £842,853 will be used to enable Shropshire Council to draw down an additional £1,331,825 ERDF funding to support businesses with individual grants that will enable NGA or BGB.