Council considered a report to the City Executive Board on 15 September 2016 requesting approval to commit match funding towards the Oxford City Council led element of the ERDF Innovation allocation for Oxfordshire if funds are successfully awarded.

Council resolved toapprove the required match funding to deliver the capital (£33,939) and revenue (£45,000) elements of the projects detailed in this report.

The Executive Director, Regeneration and Housing submitted a report which requested approval to commit match funding towards the Oxford City Council led element of the European Regional Development Fund Innovation allocation for Oxfordshire, if  funds are successfully awarded.

Cllr Price, Board Member for Corporate Strategy and Economic Development presented the report.

The City Executive Board resolves to:

1.    Recommend Council to approve the required match funding to deliver the capital (£33,939) and revenue (£45,000) elements of the projects detailed in this report.

2.    Delegate authority to the Executive Director, Regeneration and Housing to enter into any necessary agreements to secure European Regional Development Fund funding