Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To seek approval for local contributions for the addendum to the third tranche of schemes, for the 2016/17 Strategic Economic Plan (SEP) programme of EM3 and C2C LEPs. The Business Cases are due for submission during the autumn and winter of 2016/17.
The total estimated cost for these four schemes is £15.7752m and we are seeking Local Growth Fund (LGF) contribution from the EM3 and C2C LEPs of £12.0214m.
Approval is sought for County Council Economic Fund contribution of approximately £1.381m, for these schemes.
Local highways/project horizon, partner contribution and S106 developer contributions are currently £2.3728m, which could increase, as discussions are still in progress with partners. Detailed design of these schemes could commence during Q4 of 2016/17.
The four projects are as follows:
· Wider Staines STP (phase 1) (EM3 LEP)
· A30 London Road Camberley (EM3 LEP)
· Greater Leatherhead STP (C2C LEP)
· A24 Epsom Town Centre Resilience (C2C LEP)
Cabinet has deferred consideration of this item until such times as a sustainable budget for the County Council has been achieved.
Report author: Paul Fishwick
Publication date: 20/10/2016
Date of decision: 18/10/2016
Decided at meeting: 18/10/2016 - Cabinet
Accompanying Documents: