Resolved –

(1)       That the Executive recognises the importance of securing and maximising the legacy of bidding UK City of Culture irrespective     of the             outcome of the bid and sees the cultural, economic and    social benefits to be gained by 2030 in both scenarios.

(2)       That in the event of winning, the executive considers further full          legacy investment for district of £7,119,434 will be required to    realise levelling up gains of a successful bid.

(3)       That the Strategic Director of Regeneration explores further      funding opportunities from external agencies and partners   alongside the Council’s own funding.

(4)       That additional investment is proposed to be identified within   2023/24 budget proposals and Medium Term Financial Planning     considerations and reported to the Executive as part of future          budget consultation exercises.

(5)       That support recommendations to invest in a Place and Investment   Marketing Partnership at £309,000 a year for staff          costs, and hosting costs, with additional marketing, PR and             campaigns resourced at £275,000 through realignment of some             existing budgets and securing funding from other partners which       is included in the above commitment            of £7,119,434 million

ACTION: Strategic Director of Place