Mr Chris Hartgrove, Interim
Head of Finance, presented the report.
The Committee considered the summary of progress against the agreed
projects and were informed that the final figures for the amount of funding being available exceeded
initial expectations. There was a
workshop planned for 13 June 2019 in order to identify how to
allocate the additional funding.
The Committee were disappointed
that the bus station had not secured firm funding commitments from
Capital and Regional and Arriva to date, but it was reported that
the project was at the initial design stages and would be adapted
to fit the amount of funding available.
The Members’ Community
Grant funding had worked well but the Committee were concerned that
£14k of the funding had not been spent and would be
reallocated. They requested that
further help and reminders were given to Members in 2019/20 to
ensure the full allocation was spent next year.
Consideration was given to
using the underspend of £19K on electric vehicle charging
points and it was noted that this would be included in the funding
under consideration at 13 June 2019 workshop.
RESOLVED:That the progress with the
Business Rates Retention pilot projects be noted.