Decision details

To provide an update on Thames Gateway Funding and Medway Renaissance Partnership; and to seek decisions on Rochester riverside.

274/2003 The Cabinet noted the £56.6 million funding for Medway projects announced by the government on 30 July 2003, while also noting with disappointment the difficulties around draw down arrangements.
275/2003 The Cabinet asked that the Chief Executive write to government officials about the urgent need to draw down funds for Rochester Riverside.
276/2003 The Cabinet, in the light of the funding announcement, agreed to defer marketing the Rochester Riverside site in the current financial year, and to accelerate the engineering design works so they can be progressed at the same time as the outline planning application is prepared.
277/2003 The Cabinet agreed to defer the formal setting up of the Medway Renaissance Partnership as a company limited by guarantee and agreed not to commit major expenditure on its projects until the problems over the draw down of funding have been resolved.

These decisions ensure that progress is accelerated on all of these projects, so far as this was consistent with protecting the Council's interests.