Issue - meetings

Councillor O. Rybinski

To consider a request to set aside funds for infrastructure feasibility studies.

Cabinet considered a proposal to participate in the Infrastructure Feasibility Study fund for Surrey. 

Surrey Boroughs and Districts are not attracting central government and LEP infrastructure funding due to a lack of feasibility studies.  This dedicated fund will ensure that resources are available to support project development at an early stage.

Alternative options considered and rejected:

Not to contribute to the scheme which would put Spelthorne at further risk of falling behind.

Resolved to:

1.    Participate in the Infrastructure Feasibility Study for Surrey;

2.    Commit a one-off sum of £210,000 to the Fund for 2019/20.

Reason for the decision

Investment in project development is needed at an early stage to develop a pipeline of projects able to apply for full project funding when bidding rounds become available. This fund would ensure there were dedicated resources to develop a robust pipeline of schemes to kick start infrastructure and regeneration within Spelthorne.