Decision details

Investment of Tranche 2 of the Strategic Fund for £3,821,719

The Director of City Development and the Director of Resources and Housing submitted a joint report providing information on the sums accumulated within the Community Infrastructure Levy (CIL) strategic fund, as set out in table 1 of the submitted report, and how it was being invested.

In response to a Member’s enquiry, the Board noted that based on current information, the funding gap for the Council regarding the provision of school places was currently £71.7m.

RESOLVED –

(a)  That the investment of the CIL strategic fund, as set out in table 1 of the submitted report, to be used to contribute towards the learning places deficit for schools, be noted;

(b)  That it be noted that the responsible officer for the implementation of such investment is the Chief Officer (Financial Services).

Briefings

Executive Member for Resources and Sustainability

Executive Member for Regeneration, Transport and Planning