Agenda item

Report of the Chamberlain.

This report will be considered by the Policy and Resources Committee.

Members considered an update report of the Chamberlain regarding Project Funding.

RESOLVED, that the Sub Committee recommend to the Policy and Resources Committee the following requests for funding totalling £799k from the 2016/17 City Fund provision for new schemes, all subject to the requisite approvals by other committees.

·         Relocation of Adult Skills and Education Services to Guildhall Business Library – a contribution of up to £71k, dependent on the project sum approved at Gateway 5 by the Chief Officer after procurement;

·         Barbican Estate New Baggage Stores (SBR proposal) – a provision of up to £610k, (including £19k to progress to the next gateway) with the remainder of £591k dependent on the project sum approved at Gateway 5 by the Chief Officer after procurement;

·         Top-up loan funding for two Barbican Centre SBR proposals to cover cost increases:

o   Frobisher Crescent Level 4 - £52k

o   New Retail Unit - £66k.