Issue - meetings

Meeting: 21/02/2023 - Cabinet (Item 61)

61 Funding Update pdf icon PDF 234 KB

Key Decision

Councillor David Martin – Deputy Leader and Executive Lead Member for Finance, Revenues and Benefits

 

Councillor Matthew Relf – Executive Lead Member for Regeneration and Corporate Transformation

 

Councillor Samantha Deakin – Executive Lead Member for Parks, Town Centres and Environmental Services

Minutes:

Cabinet received a progress update regarding funding allocations and agreed programmes and were also requested to approve a five-year Green Space and Public Realm Investment Plan whilst recommending to Council the addition of further Public Open Space Section 106 contributions to the Capital Programme.

 

Members considered the alternative options of declining to accept the £3.1 million funding from the Levelling Up Fund and to decline to approve the

five-year Green Space and Public Realm Investment Plan including the recommendation for Council to approve the Section 106 Public Open Space income being added to the Capital Programme.

 

RESOLVED that

a)    progress in relation to the Future High Streets Fund (FHSF), Towns Fund, Levelling Up Fund and UK Shared Prosperity Fund (UKSPF) programmes, be received and noted;

 

b)    the Council’s successful bid for Levelling up funding be noted and approval be given to the acceptance of the £3.1 million of funding;

 

c)    Council be recommended to approve the following:

 

·       the five-year Green Space and Public Realm Investment Plan, subject to receipt of funds;

 

·       following receipt of funds, that income from Social Value contributions, grants and/or Section 106 funding be included in the Capital Programme, as outlined in the report.

 

Reasons:

1.    To ensure that Cabinet is kept updated on progress with the funding programmes.

 

2.    To ensure that projects and spend within the funding programmes are delivered within the set timeframes and programme budget envelope.

 

3.    To ensure funding is spent collaboratively and effectively.

 

4.    To note the Council’s successful bid for Levelling Up funding and to approve acceptance of the £3.1 million.

 

5.    To ensure continued delivery of improvements in parks, green spaces and public realm with a rolling programme of investment.