With assistance from the West Yorkshire Combined Authority (WYCA), additional funds to cover the cost of inflation have now been allocated to the scheme from Business, Energy, and Industrial Strategy (BEIS) funding. The purpose of this decision is therefore to enter into a funding agreement with WYCA, authorise the injection and give authority to spend a further £12.565m into the LFAS2 capital budget.
Decision type: Key
Reason Key: Financial Impact>£500K;
Wards affected: (All Wards);
Notice of proposed decision first published: 28/02/2023
Explanation of anticipated restriction:
This decision will be taken under General Exception otherwise the deadline for receiving the funding will not met.
Decision due: Between 8 Mar 2023 and 15 Mar 2023 by Director of City Development
Lead director: Director of City Development
Department: City Development
Contact: Rachael Broadbent, Highways Officer 0113 378 7238 Email: email@example.com.
The Director of City Development and Financial Services have been consulted. A copy of LFAS2 WYCA Funding Agreement, Injection of Additional Funds & Authority to Spend DNN was also sent to the Executive Member for Infrastructure and Climate 24/02/2023 in advance of a briefing scheduled for the 27/02/2023.
Director of City Development
Executive Member for Infrastructure and Climate