Issue - meetings

Meeting: 31/07/2023 - Cabinet (Item 11)

11 Funding Update pdf icon PDF 303 KB

Key Decision

Councillor Matthew Relf – Executive Lead Member for Growth,

Regeneration and Local Planning

 

Councillor Samantha Deakin – Executive Lead Member for Parks and

Environmental Services

 

Councillor Helen-Ann Smith – Deputy Leader and Executive Lead

Member for Community Safety and Crime Reduction

Minutes:

Members received an update on funding allocations, progress of funded programmes and bids for external funding. Members were also asked to approve the adding of Public Open Space Section 106 contributions to the Capital Programme and to acknowledge a potential future cost pressure for the Public Sector Decarbonisation Scheme (PSDS) programme which may require additional Council funding in the future.

 

As part of their deliberations, Members considered alternative options to decline to approve the allocation of S106 funding on the Capital Programme and to not recommend acceptance of funding if the Arts Council bid was successful. Neither course of action was recommended.

 

RESOLVED that

a)    the progress for Future High Streets Fund, Towns Fund, UKSPF and Community Safety funding programmes, as presented, be noted;

 

b)    Council be recommend to approve the revised Towns Fund re-profiled funding programme for the Capital Programme;

 

c)    the submission of an expression of interest to the Arts Council be noted and a recommendation be made to Council to accept the grant monies and to act as the Accountable Body should the bid be successful;

 

d)    a recommendation be made to Council, following receipt of funds, that Section 106 monies be included on the Capital Programme as outlined in the report;

 

e)    the potential future cost pressure in relation to the Hucknall Leisure Centre PSDS scheme which might require the allocation of additional Council funding in the future, be noted.

f)      

 

Reasons:

1.    To ensure that Cabinet is kept updated on progress with the funding programmes and submission of funding bids.

 

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

 

3.    To ensure that if funding bids are successful grant monies can be accepted and project delivery begun.

 

4.    To ensure delivery of the Council’s Corporate Plan and improvements to parks and green spaces with a rolling programme of investment.

 

5.    To ensure funding streams are delivered collaboratively and effectively.

 

6.    To ensure Members are aware as early as possible about the potential cost pressures which may require additional Council funding in the future.