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.