Decision details

To approve the submission of business cases for the second tranche of transport schemes for the 2015 – 2016 Local Growth Fund.

To agree arrangements for capital budget provision for the Surrey County Council share of the required local contribution (matched funding) for these schemes.

That authority be delegated to the Strategic Director for Environment and Infrastructure, in consultation with the Deputy Leader, Cabinet Member for Highways, Transport and Flooding and the Director of Finance to agree the Surrey County Council share of local contribution for each scheme in Table 2 of the submitted report, within the overall total contribution set out in that table.

Reasons for decisions:

The proposed schemes will deliver a range of benefits to Surrey’s residents, including reduced congestion, improved journey time reliability, enhanced safety, improved access for cyclists, pedestrians and buses, as well as enabling economic development and regeneration.

Under the funding arrangements, local partners are required to provide a local contribution to the schemes to reflect the local benefits that will be provided. Therefore if these schemes wish to proceed to business case submission, The Council will need to confirm that this local contribution is available.

This is the second tranche of schemes to be funded from the Local Growth Deal. The precise amount of contribution that the County Council will need to make will be finalised once discussions with relevant Borough Leaders/Chief Executives have been completed, in accordance with the approach presented to the Cabinet at the meeting of 23 September 2014 and repeated below.

[The decisions on this item can be called in by the Council Overview and Select Committee]