Agenda item

Capital Funding Update

Report of the Chamberlain.

Minutes:

The Sub-Committee considered a paper of the Chamberlain proposing the release of £5.42m for five schemes, which had previously received ‘in principle’ approval via the 2020/21 annual capital bids or was agreed for progression outside of the fundamental review.

 

RESOLVED, that:-

·         The five schemes listed in Table 1 of the report be reviewed in the context of the current crisis and confirmed that they should receive continued essential priority for release of funding at this time.

·         An increase of £250k in the central funding be agreed and allocated to the Frobisher Crescent fire safety works to be offset by a compensating reduction in the car park fire safety funding allocation.

·         The release of up to £5.42m be agreed for the five schemes from the reserves of City Fund and City’s Cash as set out in Table 1, subject to the approval of the relevant gateway reports.

Supporting documents: