The Sub-Committee received an update on the Em Devco Ltd.
The local authority shareholders and funding partners including this Council, invested £1.5m in the previous financial year to ensure the Devco project got off the ground. The government matched funded that with an investment of £1.62m, and has committed the same amount in the current financial year. Nottinghamshire County Council, Broxtowe and Rushcliffe have already committed their agreed investment for the current financial year.
RESOLVED that:
1. That further information is gained regarding “early win” projects and the need for the EM Devco Ltd to provide tangible projects.
2. Encourage further engagement with Neighbourhood forums.