Issue - meetings

Capital Investment Fund 2020/21 Q3

Meeting: 10/09/2020 - Cabinet (Item 6)

6 Capital Investment Fund 2020/21 Q2 pdf icon PDF 197 KB

This report seeks Cabinet approval to the allocation of CIF monies to a number of projects.

Additional documents:

Minutes:

Councillor Peter Butlin explained the background to the published report adding that the CIF had been a major success being based on the growth of the County.

 

Councillor Keith Kondakor highlighted the schemes relating to air quality monitoring. For this to succeed it will be necessary to obtain buy-in from the district and borough councils.

 

In reply, Councillor Butlin observed that most district and borough councils in Warwickshire do monitor air quality although they tend to focus on NO2. He agreed to send a more detailed briefing to Councillor Kondakor on what the scheme should mean for Nuneaton and Bedworth.

 

Resolved:

 

That Cabinet approves:

 

1) £3.615 million from the Capital Investment Fund for relocation work at Kingsway Nursery & Children’s Centre and recommend to Full Council to add to the Capital Programme at a full cost of £5.165 million.

 

2) £0.430 million from the Capital Investment Fund for replacement bollards in Stratford, Nuneaton and Bedworth and add to the Capital Programme.

 

3) £0.750 million from the Capital Investment Fund for the extension of the small business capital grants scheme and add to the Capital Programme at a full cost of £1.330 million.

 

4) £3.025 million from the Capital Investment Fund for improvements to the A3400 Birmingham Road Corridor (Stratford) and recommend to Full Council to increase the existing scheme in the Capital Programme to a full cost of £6.525 million.

 

5) £2.002 million from the Capital Investment Fund for improvements to the A446 Stonebridge Junction (Coleshill) and recommend to Full Council to add to the Capital Programme at a full cost of £2.378 million.

 

6) £4.682 million from the Capital Investment Fund for improvements to the A429 Coventry Road Corridor (Warwick) and recommend to Full Council to add to the Capital Programme at a full cost of £5.921 million, on the condition that CIL funding is secured from WDC.

 

7) £1.968 million from the Capital Investment Fund for procurement of measuring equipment to support evidence led decision making in tackling the climate emergency and air quality and recommend to Full Council to add to the Capital Programme at a full cost of £2.058 million.

 

8) The authorisation of 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.