Agenda item

Report of the Chamberlain.

The Sub-Committee considered a report of the Chamberlain concerning an update on Capital Funding.

Members heard how the request to draw down £196k of funding for the Interim Assessment Centre for Rough Sleepers would need to be deferred as the proposed site for the assessment centre was no longer available. The Department for Community and Children’s Services were now looking for an alternative site and would be coming back through the gateways with a revised proposal in due course.

RESOLVED, that:-

·         The following schemes be confirmed as continuing as essential priority for release of funding at this time:-

o   West Smithfield Area Public Realm and Transportation

o   London Metropolitan Archive (LMA) Replacement of Fire Alarm, Chillers and Landlord Lighting and Power

o   Walbrook Wharf Depot Replacement of Mechanical and Electrical Services

o   Computer Equipment Rooms Uninterrupted Power Supply

o   Critical IT Security Improvements

o   Golden Lane Estate Lighting and Accessibility Improvements

o   Baynard House Car Park Ventilation and Smoke Clearance System

o   Central Criminal Court East Wing Ground Mezzanine Cooling and Heating Replacement

o   St Lawrence Jewry Church

·         The release of up to £6.887m from the relevant reserves of City Fund, City’s Cash and Bridge House Estates as appropriate be agreed, subject to the required gateway and 2021/22 funding approvals.

·         It be noted that in order to maintain sound financial discipline, a review of unallocated central project funding provisions will be brought to Members in the Spring.