The Deputy Leader and Portfolio Holder for Corporate and Commercial Support presented a report from the Director of Place setting out the next phase of work required to enable the Council to drive forward the ambition set out in the Shrewsbury Big Town Plan [SBTP] and the purchase of the three shopping centres in the town centre through a co-ordinated and cohesive delivery approach.

            RESOLVED:

i)       That an initial budget of £500,000 be approved to secure the appropriate resources and expertise to prepare a Strategic Development Framework and Masterplan to support the delivery of the Shrewsbury Big Town Plan (to include the redevelopment of Riverside) and the appointment of two dedicated posts to support this implementation.

ii)      That the reallocation of the New Homes Bonus (NHB) capital funding previously agreed to provide part funding for the project be approved.

iii)     That authority be delegated to the Executive Director of Place in consultation with the Portfolio Holders for Economic Growth, to procure, appoint and commence with the work required to create a Strategic Development Framework and Masterplan.