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The Committee gave consideration to a report providing an update on the Rural Growth Deal which would deliver £50M of investment from the Scottish and UK Governments for projects that would be a driver for inclusive and transformational growth across the area.

Decision

The Policy and Resources Committee –

1.     noted that a revised date for Full Deal Signing would be arranged once a new UK Government was formed;

2.     approved a further drawdown of funding from the Inward Investment Fund (up to £150k), noting that similar to previous arrangements, funds would only be drawn down subject to the Chief Executive and two Executive Directors of the Council being satisfied that the monies were for the purpose of delivering the Rural Growth Deal; noting that any further funding required in excess of the approved value would require further approval from the Policy and Resources Committee; and

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3.     approved spend of up to £250k to support the next stage of project development for Kintyre Seasports, including Detailed Design works.

(Reference: Report by Executive Director with responsibility for Development and Economic Growth dated June 2024, submitted)