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Local Growth Fund Re-allocation - NEW ITEM

03/12/2019 - Local Growth Fund Re-allocation

1. Cabinet delegated authority to the Director, Economy of Place, to submit a request to the West of England Local Enterprise Partnership to allocate £1m of the remaining LGF STP funding to meet the additional Portway Park & Ride Rail Station project costs as set out in this report.

2. If the request is approved, Cabinet delegated authority to Director, Economy of Place, to spend up to £1.3m on the Portway Park & Ride Rail Station project. Any additional funding requirements over and above those already covered by these grants will be met from the transport capital programme budget.

3. Cabinet delegated authority to the Director, Economy of Place, to procure and enter into all contracts required for the Portway Park & Ride Rail Station project.