Issue - meetings

In their Strategic Economic Plans (SEPs), the two Local Enterprise Partnerships (LEPs) covering Surrey, Enterprise M3 (EM3) and Coast to Capital (C2C), have set out their proposals for supporting economic development in their areas. Surrey County Council has worked with them to develop these plans which include improvements to transport infrastructure to provide economic benefits. Funding for the schemes included in the SEP comes from the Local Growth Fund (LGF), government funding through the LEPs. The arrangements require a local contribution to be made to the cost for these schemes and for this to be identified when business cases are submitted.

On 23 September 2014, the Cabinet approved arrangements for local contribution for the first tranche of three schemes of the 2015-16 SEP programme. On 14 December 2014 approval was given for local contribution for the second tranche of seven schemes of the same programme and, on 15 December 2015 the Cabinet approved further local contribution for the third tranche of four schemes of the same 2015-16 SEP programme.

Approval is now sought for the development and submission of business cases for  a further four schemes; namely Wider Staines STP (phase 1), A30 London Road Camberley, Greater Leatherhead STP and A24 Epsom town centre Resilience, to be added to the third tranche of the 2016/17 SEP programme. The total estimated cost for these four schemes is £16.533m with a potential  LGF contribution from the LEPs of £12.570m.

Approval is sought for a County Council contribution of approximately £1.789m for these schemes to be match funded from the existing Surrey County Council Local Growth Deal and Project Horizon capital budgets.

Partner and S106 developer committed contributions are currently £2.174m which could increase as discussions are still in progress with partners. 

The business cases for these four schemes are planned to be submitted during the autumn /winter of 2016/17. Detailed design could commence on some of these schemes during Q4 of 2016/17.

The Council has been in discussions with the relevant borough councils to secure their share of the local contribution. It is a requirement that the County Council confirms that the specified local contribution is available when it submits the business cases.

[The decisions on this item can be called in by the Economic Prosperity Environment and Highways Board]

Cabinet has deferred consideration of this item until such times as a sustainable budget for the County Council has been achieved.

This item was deferred.