Decision details

To seek the Portfolio Holder’s approval to:
a) Allocate and establish a budget of £3,500 towards the Cinderpath capital project for the lighting element of the scheme;

THAT:
the Portfolio Holder for Growth and Regeneration approves
a)A virement to establish an additional budget of £3,500 on the Cinderpath capital project for the lighting element of the scheme to be funded from the CIL Non-Parish Neighbourhood Funding contributions.

a)To ensure that the neighbourhood portion of CIL collected receipts are expended in accordance with the CIL Regulations 2010 (as amended) and statutory guidance.

Two alternative options are potentially available to pursue.
Firstly there is the opportunity to allocate CIL monies to alternative schemes contained on the Local Infrastructure Schedule and Allocations consultation. However, although some comments received may suggest alternative projects could be funded, the other schemes have been assessed as not being suitable for funding at this time, either on the ground of project suitability (not meeting CIL Regulation 59F), alternative funding streams available or due to the unavailability of full funding (either from CIL or external streams).
The second alternative option would be to the remove project from the potential shortlist to allow for the CIL Non-Parish Neighbourhood Funding pot to accumulate further or await the further identification of alternative schemes. The implications of this could see a suitable project not funded and may prevent projects that are due to be matched funded not being delivered fully.