Agenda item

It was advised that Item 23, Project Funding Update, had erroneously been included on the non-public side of the agenda. This item had been considered by the Resource Allocation Sub-Committee in public session earlier that day and also published in full in public. The item would also need to be considered in public session at this meeting.

Project Funding Update

The Committee considered a report of the Chamberlain requesting the allocation of central funding to allow two projects (City Mental Health Centre and City Wayfinding Signage) to be progressed.

RESOLVED: That:-

1.     The following funds to allow two projects to progress be approved:

a.      Up to £1.444k from the On-Street Parking Reserve towards the cost of installing new City wayfinding signage; and

b.      Up to £455k from the social and community CIL pot to fund adaptation and renovation costs to provide a new City Mental Health Centre.

2.     The potential shortfall in the 2019/20 provisions for new schemes due to the deferral of unfunded projects from the current year be noted. It be noted that the situation would be kept under review and further reported when proposals have been more firmly quantified.

3.     It be noted that there are emerging unfunded projects amounting to significant sums beyond the scope of the provisions for new schemes, and that funding would be considered as part of the medium-term financial planning process to be reported in January.