Decision details

Progression of IZ004 SY JESSICA – Investment Zone to full approval and award of £3m to Sheffield City Region Urban Development Fund

Decision Maker: Section 73 Officer

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

On 28th January 2025 the MCA Board delegated authority to the Head of Paid Service in consultation with Mayor Oliver Coppard - in his position as the Portfolio Lead for Economic Growth for progression of SY JESSICA – Investment Zone to OBC in-principle approval for £3m grant to Sheffield City Region Urban Development Fund (Limited Partnership).

The SYMCA Framework, approved by the MCA Board, allows for schemes that secure OBC in principle approval from MCA, to have a FBC approved by the SYMCA Programme Board, subject to certain conditions.

In April 2025 the SYMCA Programme Board approved the scheme.

Decision:

Option 1 – Approve the recommendations

Alternative options considered:

1. Approve the recommendations
2. Reject some, or all, of the recommendations

Publication date: 11/04/2025

Date of decision: 11/04/2025

Accompanying Documents: