Issue - meetings

A paper seeking approval for a rolling fund supporting project development during the initial stages of feasibility and planning with the objective of providing greater cost certainty at approval stage.

Cabinet Portfolio Holder – Councillor Peter Butlin

Councillor Peter Butlin, Deputy Leader and Portfolio Holder for Finance and Property, presented this report which sought to establish an early design fund to help develop greater cost certainty in Education capital projects at RIBA stage 3.  

Councillors Jerry Roodhouse and Judy Falp welcomed the report which, in their view, was a sensible and timely approach.

Resolved:

That Cabinet approves the allocation of £1.4m from the Basic Need Grant to create and implement a fund (the Education Capital Development Fund) that will be used to develop education capital schemes to RIBA Stage 3 prior to requesting authority for procurement and implementation.