Council agrees to continue Corby Town Deal Board
Corby has been awarded £19.9m through the Towns Fund
North Northamptonshire Council has agreed to continue the Corby Town Deal Board.
The council’s executive meeting took place on June 22 and approved the continuation and its membership of the board.
The board had its inaugural meeting in January 2020 and includes individuals from various businesses, community groups and public sector bodies to develop and agree Corby’s Town Investment plan and to develop a clear programme of interventions.
In September 2019, the Ministry for Housing Communities and Local Government (MHCLG) announced 101 towns, including Corby, who were eligible to bid for up to £25m through the Towns Fund.
The fund’s objective is to drive the sustainable economic regeneration of our towns for long-term economic and productivity growth.
This two-stage process was approved by Corby Borough Council’s One Corby Policy Committee in December 2019 (stage 1) and in January 2021 (stage 2) to:
– Establish a Town Investment Plan (TIP) for Corby – by the formation of the town deal board and to produce a TIP.
– Use the TIP to bid for town deal funding – bid for £25m for the four projects selected by the town deal board.
The projects are: developing a sixth form centre at Chisholm House; delivering Market Walk East; implementing the Corby town centre to station link (via Oakley Road); delivering a 'Smart and Connected Corby'.
Earlier this month, Corby was awarded £19.9m out of a possible £25m.
Following this decision, MHCLG has offered heads of terms in connection with this funding.
The deadline for all parties to agree and sign these heads of terms is June 29 to allow progression to the next stage of the process.
And the board will now also need to prioritise these projects within the funding envelope being offered.
Following on from local government reorganisation and the creation of North Northamptonshire Council and the local government elections that took place in May, there is a need to review the board membership to take account of these changes.
At the meeting, the executive committee agreed:
- That the continuation of the Corby Town Deal Board which was established by Corby Borough Council be confirmed and approved
- That membership of the Corby Town Deal Board be approved.
- That authority be delegated to the leader and portfolio holder for growth and regeneration in consultation with the chief executive and executive director of place and economy to approve and sign heads of terms in connection with Corby’s Town Fund from MHCLG.
Sol Buckner, Local Democracy Reporting Service