PROGRESS UPDATE: Implementation Phase Starts for St Ives Town Deal as £19.9million of Project Funding is Officially Accepted.
Since the original funding announcement, St Ives Town Deal Board has now formally accepted the Government’s offer and earlier this month, signed off a Heads of Terms agreement to move forwards into an implementation phase.
The St Ives Town Board has been working closely with Cornwall Council, which is the Government’s appointed accountable body, to work out how we can put our plans into motion. The board are also keeping in contact with the Town Deal Boards for Camborne, Truro and Penzance so we can share learnings and maximise this investment opportunity.
Implementation now means that the board are now working up business cases, a more detailed budget and timeline of how projects will be delivered. The board has until August 2022 to achieve this, but we hope to deliver this sooner.
The directors have continued to work hard and Sarah Stevens is to continue as a Chair of the Board with new Vice Chairs of Libby Buckley and Gareth Jones. We would like to thank Steve Cross for all his work over the last year that helped to secure the funding.