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:
1. agree the schemes and the precise amount of the Surrey County Council contribution, based on the proposals set out in Table 1, of the submitted report.
2. substitute and/ or omit any schemes listed in Table 1, of the submitted report, from submission to the LEPs, if so warranted by developments at that time.
Reasons for Decisions:
Transport infrastructure schemes are a key element of the Strategic Economic Plan (SEPs), submitted by the Local Enterprise Partnerships (LEPs) to Government in March 2014, which sets out how they will support the economic development and regeneration of their areas. The proposed schemes will deliver a range of benefits to Surrey’s residents, including reduced congestion, improved journey time reliability, enhanced safety, and 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 the Cabinet wishes these schemes to proceed to business case submission, the Cabinet will need to confirm that this local contribution is available.
This is the third 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.
[The decisions on this item can be called in by the Economic Prosperity, Environment and Highways Scrutiny Board]