Agenda item

Report of the Managing Director.

The Leader introduced the report of the Managing Director (previously circulated) requesting that consideration be given to the Towns Fund Deal bid process and the proposed timetable for the forthcoming Town Investment Plan (TIP) which will form the application to the fund.

The submitted report outlined the background to the proposal; the strategic aims and ambitions of Darlington Towns Fund Deal bid; necessary actions; and the financial and legal implications of the bid.

RESOLVED - That the submission of a Towns Fund bid by 31 July 2020, as detailed in the submitted report, be agreed.

REASON - If successful and implemented it will contribute to the economic growth of the Borough