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Common use of Purpose of Funding Clause in Contracts

Purpose of Funding. 3.1. DLUHC considered the application submitted by the Council for the LUF proposal Xxxxxx and agreed to allocate funding up to £19,870,000 across FY2021-22, FY2022-23, FY2023-24 and FY2024-25. The indicative allocation for each year is set out in the following table: 2021-22 491,500 2022-23 5,632,450 2023-24 13,746,050 2024-25 0 3.2. The funding is provided to form part of the necessary capital investment required for delivery of the LUF proposal Ashton. DLUHC expects the Council to use the funding provided for the purposes outlined in the application approved by DLUHC, Department for Transport (‘DfT’) and HM Treasury (‘HMT’), and that evidence will be provided to demonstrate this. Xxxxx funding will be paid in six monthly tranches and on the basis of agreed delivery targets having been met. Assurance on project progress shall be borne out through the formal monitoring and assurance process set out in Clause 7 of this MOU. 3.3. The application approved by DLUHC, DfT and HMT and the subsequent project management update (PMU) set out the details of the projects, including budget, spending profile, scope, key assumptions, outputs, timeline, key milestones, and risks. Together these project parameters set out the “ask” and “offer” expected by the Parties, and these are set out in the following table: Project Budget & Spending Profile Spending Profile by Source and LUF Profile tabs as set out in the PMU (Annex A) Project Description This package bid aims to regenerate Ashton town centre. The first project will develop a xxxxxxxxxx site for residential, commercial and retail use. The second project seeks to prioritise active travel in town centre traffic improvements in ways which will also enhance the public realm. The final project promises to restore the town hall to allow the Museum of Manchester Regiment to be restored. Project(s) Outputs & Outcomes Project(s) specific outputs and outcomes as set out in Project Output Indicators and Outcome Indicators tabs or the PMU (Annex A) Projected Timeline & Key Milestones Whole project timeline with milestones as set out in the Delivery Plan tab of the PMU (Annex A) Risk Management Most significant risks with related mitigations as set out in the Risk Register tab of the PMU (Annex A)

Appears in 1 contract

Samples: Memorandum of Understanding

Purpose of Funding. 3.1. DLUHC considered the application submitted by the Council for the LUF proposal Xxxxxx xxxxxx and agreed to allocate funding up to £19,870,000 xxxxxx across FY2021-22, FY2022-23, FY2023-24 and 24, FY2024-2525 and FY2025-26. The indicative allocation for each year is set out in the following table: 2021-22 491,500 2022-23 5,632,450 2023-24 13,746,050 2024-25 0: 3.2. The funding is provided to form part of the necessary capital investment required for delivery of the LUF proposal Ashtonxxxxxxxx. DLUHC expects the Council to use the funding provided for the purposes outlined in the application approved by DLUHC, Department for Transport (‘DfT’) and HM Treasury (‘HMT’), DLUHC and that evidence will be provided to demonstrate this. Xxxxx funding will be paid in six monthly tranches and on the basis of agreed delivery targets having been met. Assurance on project progress shall be borne out through the formal monitoring and assurance process set out in Clause 7 of this MOU. 3.3. The application approved by DLUHC, DfT and HMT and the subsequent project management update (PMU) set DLUHC sets out the details of the projects, including budget, spending profile, scope, key assumptions, outputs, timeline, key milestones, and risks. References to LUF in the application and its annexes (and those references lifted from the application into the MOU) will apply to the CRP funding and process. Together these project parameters set out the “ask” and “offer” expected by the Parties, and these are set out in the following table: Project Budget & Spending Profile Spending Profile by Source and LUF Profile tabs as set out in the PMU (Annex Tables B and C of the Costings Planning Workbook(Annex A) Project Description This package bid aims to regenerate Ashton town centre. The first project will develop a xxxxxxxxxx site for residential, commercial and retail use. The second project seeks to prioritise active travel in town centre traffic improvements in ways which will also enhance the public realm. The final project promises to restore the town hall to allow the Museum of Manchester Regiment to be restored. xxxxxxxxxxxx Project(s) Outputs & Outcomes Project(s) specific outputs and outcomes as set out in Project Output Indicators and Outcome Indicators tabs or Table E of the PMU Costings Planning Workbook (Annex A) Projected Timeline & Key Milestones Whole project timeline with milestones as set out in the Delivery Plan tab Table D of the PMU (Annex A) Risk Management Most significant risks with related mitigations as set out in the Risk Register tab of the PMU Costings Planning Workbook (Annex A)

Appears in 1 contract

Samples: Memorandum of Understanding

Purpose of Funding. 3.1. DLUHC considered the application submitted by the Council for the LUF proposal Xxxxxx Earlestown: Regeneration through Culture, Community and Heritage and agreed to allocate funding up to £19,870,000 20000000 across FY2021-22, FY2022-23, FY2023-24 and FY2023- 24, FY2024-2525 and FY2025-26. The indicative allocation for each year is set out in the following table: 2021-22 491,500 2022-23 5,632,450 2023-24 13,746,050 2024-25 0: 3.2. The funding is provided to form part of the necessary capital investment required for delivery of the LUF proposal AshtonEarlestown: Regeneration through Culture, Community and Heritage. DLUHC expects the Council to use the funding provided for the purposes outlined in the application approved by DLUHC, Department for Transport (‘DfT’) and HM Treasury (‘HMT’), and that evidence will be provided to demonstrate this. Xxxxx funding will be paid in six monthly tranches and on the basis of agreed delivery targets having been met. Assurance on project progress shall be borne out through the formal monitoring and assurance process set out in Clause 7 8 of this MOU. 3.3. The application approved by DLUHC, DfT and HMT and the subsequent project management update (PMU) set sets out the details of the projects, including budget, spending profile, scope, key assumptions, outputs, timeline, key milestones, and risks. Together these project parameters set out the “ask” and “offer” expected by the Parties, and these are set out in the following table: Project Budget & Spending Profile Spending Profile by Source and LUF Profile tabs as set out in the PMU (Annex Tables B and C of the Costings Planning Workbook(Annex A) Project Description This £20m package bid aims to regenerate Ashton will deliver three bold and transformative interventions within Earlestown's town centre, in line with the ambitious vision of St Helens Council and its partner the English Cities Fund (ECF) articulated within the Earlestown Masterplan Development Framework (MDF). The first project Investment will develop a xxxxxxxxxx site for residential, commercial revitalise Earlestown's historic market square and retail use. The second project seeks to prioritise active travel in town centre traffic improvements in ways which will also enhance the surrounding public realm; reimagine its Grade-II listed derelict Town Hall as a community and workspace hub; and improve safety and amenity at its rail station. The final project promises Supported by secured match funding, these complementary projects will drive substantial regeneration and reinvigorate Earlestown as a place in which to restore the town hall to allow the Museum of Manchester Regiment to be restoredlive, work and invest. Project(s) Outputs & Outcomes Project(s) specific outputs and outcomes as set out in Project Output Indicators and Outcome Indicators tabs or Table E of the PMU Costings Planning Workbook (Annex A) Projected Timeline & Key Milestones Whole project timeline with milestones as set out in the Delivery Plan tab Table D of the PMU (Annex A) Risk Management Most significant risks with related mitigations as set out in the Risk Register tab of the PMU Costings Planning Workbook (Annex A)

Appears in 1 contract

Samples: Memorandum of Understanding

Purpose of Funding. 3.1. DLUHC DfT considered the application submitted by the Council for the LUF proposal Destination Xxxxxx and agreed to allocate funding up to £19,870,000 16,764,793.00 across FY2021-22, FY2022-23, FY2023-24 and 24, FY2024-2525 and FY2025-26. The indicative allocation for each year is set out in the following table: 2021-22 491,500 2022-23 5,632,450 2023-24 13,746,050 £0 2024-25 0£4,240,936.25 2025-26 £ 12,523,856.75 3.2. The funding is provided to form part of the necessary capital investment required for delivery of the LUF proposal AshtonDestination Xxxxxx. DLUHC DfT expects the Council to use the funding provided for the purposes outlined in the application approved by DLUHCDfT, Department for Transport Levelling Up, Housing and Communities (‘DfTDLUHC’) and HM Treasury (‘HMT’), and that evidence will be provided to demonstrate this. Xxxxx funding will be paid in six monthly tranches and on the basis of agreed delivery targets having been met. Assurance on project progress shall be borne out through the formal monitoring and assurance process set out in Clause 7 8 and 9 of this MOU. 3.3. The application approved by DLUHCDfT, DfT and HMT and the subsequent project management update (PMU) set out the details of the projects, including budget, spending profile, scope, key assumptions, outputs, timeline, key milestones, and risks. Together these project parameters set out the “ask” and “offer” expected by the Parties, and these are set out in the following table: Project Budget & Spending Profile Spending Profile by Source Full Breakdown of project budget and LUF Profile tabs as set out funding profile in the PMU ANNEX A Description, Scope, Key Assumptions Reconfiguration of roads and junctions in Xxxxxx town centre including junction modifications to improve accessibility for cyclists and pedestrians, and improved, cycle parking facilities. 1. 1km active travel routes (Annex Awalking) • 1. 1km active travel routes (cycling) Project Description This package bid aims to regenerate Ashton town centre. The first project will develop a xxxxxxxxxx site for residential, commercial Outcomes: • Improved air quality • Increased footfall • Change in perception of place • Reducing motor vehicle dominance and retail use. The second project seeks to prioritise active travel in town centre traffic improvements in ways which will also enhance the public realm. The final project promises to restore the town hall to allow the Museum of Manchester Regiment to be restored. Project(s) Outputs & Outcomes Project(s) specific outputs encourage modal shift • Improved physical and outcomes as set out in Project Output Indicators and Outcome Indicators tabs or the PMU (Annex A) mental wellbeing Projected Timeline & Key Milestones Whole project timeline with milestones as set out in the Delivery Plan tab of the PMU (Annex A) Risk Management Most significant risks with related mitigations as set out in the Risk Register tab of the PMU (Annex Aand key review points). See ANNEX B.

Appears in 1 contract

Samples: Memorandum of Understanding

Purpose of Funding. 3.1. DLUHC considered the application submitted by the Council for the LUF proposal Xxxxxx Xxxxx Xxxx and agreed to allocate funding up to £19,870,000 20000000 across FY2021-22, FY2022-23, FY2023-24 and 24, FY2024-2525 and FY2025-26. The indicative allocation for each year is set out in the following table: 2021-22 491,500 2022-23 5,632,450 2023-24 13,746,050 2024-25 0: 3.2. The funding is provided to form part of the necessary capital investment required for delivery of the LUF proposal AshtonXxxxx Xxxx. DLUHC expects the Council to use the funding provided for the purposes outlined in the application approved by DLUHC, Department for Transport (‘DfT’) and HM Treasury (‘HMT’), and that evidence will be provided to demonstrate this. Xxxxx funding will be paid in six monthly tranches and on the basis of agreed delivery targets having been met. Assurance on project progress shall be borne out through the formal monitoring and assurance process set out in Clause 7 of this MOU. 3.3. The application approved by DLUHC, DfT and HMT and the subsequent project management update (PMU) set sets out the details of the projects, including budget, spending profile, scope, key assumptions, outputs, timeline, key milestones, and risks. Together these project parameters set out the “ask” and “offer” expected by the Parties, and these are set out in the following table: Project Budget & Spending Profile Spending Profile by Source and LUF Profile tabs as set out in the PMU Tables B and C of the Costings Planning Workbook (Annex A) Project Description This package bid aims to regenerate Ashton town centre. The first project will develop a xxxxxxxxxx site for residential, commercial and retail use. The second project seeks to prioritise active travel in town centre traffic improvements in ways which will also enhance the public realm. The final project promises to restore the town hall to allow the Museum of Manchester Regiment to be restored. Lifted from application Project(s) Outputs & Outcomes Project(s) specific outputs and outcomes as set out in Project Output Indicators and Outcome Indicators tabs or Table E of the PMU Costings Planning Workbook (Annex A) Projected Timeline & Key Milestones Whole project timeline with milestones as set out in the Delivery Plan tab Table D of the PMU (Annex A) Risk Management Most significant risks with related mitigations as set out in the Risk Register tab of the PMU Costings Planning Workbook (Annex A)

Appears in 1 contract

Samples: Memorandum of Understanding

Purpose of Funding. 3.1. DLUHC considered the application submitted by the Council for the LUF proposal Xxxxxx Gateway to Sheffield and agreed to allocate funding up to £19,870,000 20,000,000 across FY2021-22, FY2022-23, FY2023-24 and FY2024-25. The indicative allocation for each year is set out in the following table: 2021-22 491,500 170,000 2022-23 5,632,450 3,220,000 2023-24 13,746,050 16,610,000 2024-25 0 3.2. The funding is provided to form part of the necessary capital investment required for delivery of the LUF proposal AshtonGateway to Sheffield. DLUHC expects the Council to use the funding provided for the purposes outlined in the application approved by DLUHC, Department for Transport (‘DfT’) and HM Treasury (‘HMT’), and that evidence will be provided to demonstrate this. Xxxxx funding will be paid in six monthly tranches and on the basis of agreed delivery targets having been met. Assurance on project progress shall be borne out through the formal monitoring and assurance process set out in Clause 7 of this MOU. 3.3. The application approved by DLUHC, DfT and HMT and the subsequent project management update (PMU) set out the details of the projects, including budget, spending profile, scope, key assumptions, outputs, timeline, key milestones, and risks. Together these project parameters set out the “ask” and “offer” expected by the Parties, and these are set out in the following table: Project Budget & Spending Profile Spending Profile by Source and LUF Profile tabs as set out in the PMU (Annex A) Project Description This package The bid aims will provide essential infrastructure and enabling works to regenerate Ashton town centreunlock the future development of a large xxxxxxxxxx site and the economic regeneration of Castlegate quarter, to include an art space and a music space. The first project regeneration and repurposing of the sites will develop improve the natural environment, advance the Net Zero Carbon agenda, deliver cultural anchors of national significance, create education, skills and training opportunities and create a xxxxxxxxxx site for residential, commercial sense of place and retail usecommunity. The second project seeks to prioritise active travel in town centre traffic improvements in ways which will also enhance the public realm. three projects are: • The final project promises to restore the town hall to allow the Museum of Manchester Regiment to be restored. Castle • Park Hill Art Space • Harmony Works Project(s) Outputs & Outcomes Project(s) specific outputs and outcomes as set out in Project Output Indicators and Outcome Indicators tabs or the PMU (Annex A) Projected Timeline & Key Milestones Whole project timeline with milestones as set out in the Delivery Plan tab of the PMU (Annex A) Risk Management Most significant risks with related mitigations as set out in the Risk Register tab of the PMU (Annex A)

Appears in 1 contract

Samples: Memorandum of Understanding

Purpose of Funding. 3.1. DLUHC considered the application submitted by the Council for the LUF proposal Xxxxxx Attercliffe Regeneration and agreed to allocate funding up to £19,870,000 17,041,850 across FY2021-22, FY2022-23, FY2023-24 and FY2024-25. The indicative allocation for each year is set out in the following table: 2021-22 491,500 48,096 2022-23 5,632,450 9,002,670 2023-24 13,746,050 7,991,084 2024-25 0 3.2. The funding is provided to form part of the necessary capital investment required for delivery of the LUF proposal AshtonAttercliffe Regeneration. DLUHC expects the Council to use the funding provided for the purposes outlined in the application approved by DLUHC, Department for Transport (‘DfT’) and HM Treasury (‘HMT’), and that evidence will be provided to demonstrate this. Xxxxx funding will be paid in six monthly tranches and on the basis of agreed delivery targets having been met. Assurance on project progress shall be borne out through the formal monitoring and assurance process set out in Clause 7 of this MOU. 3.3. The application approved by DLUHC, DfT and HMT and the subsequent project management update (PMU) set out the details of the projects, including budget, spending profile, scope, key assumptions, outputs, timeline, key milestones, and risks. Together these project parameters set out the “ask” and “offer” expected by the Parties, and these are set out in the following table: Project Budget & Spending Profile Spending Profile by Source and LUF Profile tabs as set out in the PMU (Annex A) Project Description This package bid aims proposal is for a Centre for Child Health Technology to regenerate Ashton town centremaximise the potential of the Sheffield Olympic Legacy Park (SOLP); connectivity improvements to ensure the benefits of this investment reach local residents and employees; and the restoration of heritage buildings to provide a supporting cultural offer. Delivery will stimulate investment and employment at SOLP, improve health, wellbeing, accessibility and inclusion; make Attercliffe a better place to live, work and visit; drive footfall on the High Street to support local businesses; and celebrate the area’s heritage. The first project will develop a xxxxxxxxxx site 3 projects are: • Centre for residential, commercial and retail use. The second project seeks to prioritise active travel in town centre traffic improvements in ways which will also enhance the public realm. The final project promises to restore the town hall to allow the Museum of Manchester Regiment to be restored. Child Health Technology • Connectivity & Movement • Adelphi Square Project(s) Outputs & Outcomes Project(s) specific outputs and outcomes as set out in Project Output Indicators and Outcome Indicators tabs or the PMU (Annex A) Projected Timeline & Key Milestones Whole project timeline with milestones as set out in the Delivery Plan tab of the PMU (Annex A) Risk Management Most significant risks with related mitigations as set out in the Risk Register tab of the PMU (Annex A)

Appears in 1 contract

Samples: Memorandum of Understanding