Decision details

Capital Investment Fund 2020/21 Q4

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve allocations from the Capital Investment Fund and add to the Capital Programme, plus recommend schemes >£2m to Full Council as part of the 2021/22 budget resolution

Decision:

That Cabinet:

 

1)       Approves £0.800 million from the Capital Investment Fund to increase the existing budget for the Lawford Road/Addison Road, Rugby Casualty Reduction Scheme and add to the Capital Programme;

 

2)       Approves £0.409 million from the Capital Investment Fund for the contribution to HS2 Ltd to enable future adoption as public highway of the Southern Accommodation Bridge at Stoneleigh Business Park and add to the Capital Programme;

 

3)       Approves £1.366 million from the Capital Investment Fund to contribute towards electric charging infrastructure for buses in partnership with Coventry City Council and Transport for West Midlands and add to the capital programme, conditional on the full business case being approved by Department for Transport;

 

4)       Approves £3.855 million from the Capital Investment Fund to increase the existing budget required for renovation work at the new SEND school in Nuneaton (Warwickshire Academy) and recommend to Council as part of the 2021-22 capital budget resolution to add to the Capital Programme, and;

 

5)       Authorises the Strategic Director for Communities to procure and enter into any agreements to give effect to the proposals on terms and conditions acceptable to the Strategic Director for Resources.

Report author: Andrew Harper, Isabelle Moorhouse

Publication date: 29/01/2021

Date of decision: 28/01/2021

Decided at meeting: 28/01/2021 - Cabinet

Effective from: 04/02/2021

Accompanying Documents: