Issue - meetings

Consideration was given to the report of the Corporate Director Regeneration and Community Services.

The Corporate Director Regeneration and Community Services advised that the report outlined the Cardiff Capital Region City Deal (CCRCD) Viability Gap Fund opportunity, provided an Update on the current position in responding to the CCRCD Viability Gap Fund opportunity; including identification of potential development sites and sought approval to progress business case and associated workr to determine viability gap and support an application to CCRCD.

The Corporate Director further spoke to the report and outlined the CCRCD Viability Gap Funding opportunity, revenue funding and the fund timeline. In terms of Blaenau Gwent’s position and sites it was advised that potential sites had been identified in the private sector and these would be considered with the owners to determine interest in the initiative.

The Executive Member for Regeneration and Economic Development welcomed the report and was pleased to see the investment as housing was the key driver in economy.

RESOLVED that the report be accepted and Option 1; the Cardiff Capital Region City Deal (CCRCD) Viability Gap Fund opportunity be noted; including the current position within Blaenau Gwent in respect of identifying potential development sites. Also approval be given for the continued exploration of the identified sites in order to determine the viability gap; and where appropriate progress business case(s) and associated work to support an application submission to CCRCD Viability Gap Fund.