Issue - meetings

Revenue Investment Funds January 2021

Meeting: 18/03/2021 - Cabinet (Item 2)

2 Revenue Investment Funds pdf icon PDF 146 KB

This report seeks Cabinet approval to the financing of a number of projects through the Revenue Investment Fund.


Cabinet Portfolio Holder – Councillor Peter Butlin

Additional documents:


Councillor Peter Butlin (Deputy Leader – Finance and Property) summarised the key elements of the published report explaining that Cabinet was being asked to approve two projects for funding and to note two others.


There were no questions from the floor.




That Cabinet:


1)    Supports the progress made on the Climate Change strategy and Place Shaping strategy with the Climate Change Impact Assessment and Stoneleigh Bridge design project approved by Corporate Board under the authorisation delegated to Chief Executive at a cost of £0.010m and £0.051m respectively.


2)    Approves the bids as detailed in section 2.1 and 2.7, amounting to £0.990m from the Place Shaping Investment Fund and £0.340m from the Sustaining Prevention Fund.


3)    Authorises the Strategic Directors for People and Communities to procure and enter any agreements to give effect to the above proposals on terms and conditions acceptable to the Strategic Director for Resources.