An update on the Solent Freeport and the steps
needed to formalise the agreement between the Freeport, Accountable
Body (Portsmouth City Council) participant Councils and the
Government. In particular, a new Memorandum of Understand (MoU) is
required with the Government,setting out the terms, principles and
practices that will apply to the working relationship between the
Department for Levelling Up, Housing and Communities (DLUHC), the
Accountable Body and the Solent Freeport Governing Body regarding
the delivery and administration of the Solent Freeport including
the use of Seed Capital grants. It will also cover intended use of
the Seed Capital monies (£25m). Southampton City Council will
be party to this extra MoU.
Decision type: Key
Reason Key: Affects more than 1 ward or a significant community;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 02/12/2022
Reason for urgency:
Information only just received around a completed draft Memorandum of Understanding and importantly the time frame needed with the Freeport aiming to sign off the final documents this calendar year and return them to Government.
Anticipated restriction: Part exempt - View reasons
Decision due: 20 Dec 2022 by Cabinet
Lead member: Cabinet Member for Economic Development
Lead director: Executive Director Finance and Commercialism, Executive Director of Place
Department: Finance and Corporate Services
Contact: Steve Harrison (Finance) Steve Harrison 07392 864525 Email: steve.harrison@southampton.gov.uk.
Consultation process
Draft documents have been circulated for
comment to S151 officers of the authorities within the
Freeport.
Consultees
Solent Freeport Consortium; Accountable Body
(Portsmouth City Council); Solent LEP; Eastleigh Borough Council;
New Forest District Council; Havant Borough Council: Southampton
City Council.
Public Comments may be sent to: n/a