Decision details

The Executive received a report which set out the draft Investment Programme 2017-18 to 2020-21.  Discussion ensued on known slippage in the Investment Programme and it was reported that the Finance Task Group, at its meeting in the summer, had received a paper on slippage.  The Executive was advised that slippage was usually as a result of general timing issues, notable slippages outside the Council’s control being work with the Environment Agency on flood relief schemes.  It was confirmed that, if projects were removed, Officers would ensure that attention was drawn to those projects removed from the Programme.  Officers undertook to provide the Shadow Portfolio Holder with future Finance Task Group reports on slippage.

Resolved

That  (i)      the draft Investment Programme for 2017/18 to 2020/21 be received;

          (ii)     Managers, Corporate Management Group and Portfolio Holders be asked to review the Programme for cost improvements including reviewing the projects, their costs and timing to achieve savings with the minimum impact on citizen outcomes;

          (iii)     sites for development to deliver more HRA homes be worked up for consideration by the Executive;

          (iv)    improvements to the kitchen and reception area of the Export House incubator units, at a cost of £24,250, are approved to proceed;

          (v)     an additional £50k be approved for the Woking Park Play Area project to enable the Kiosk to be delivered as originally intended; and

          (vi)    an additional £2.5m Development Loan Facility be made available to Thameswey Developments Limited, in accordance with the arrangements approved by the Council on 6 April 2017.

Reason:     To agree the draft Investment Programme for consultation before submission for final approval to the Council in February 2018.

         To authorise specific investment projects, in Export House and Woking Park, in exercise of its delegated authority to approve schemes up to an aggregate of £10m in any one year.

         To authorise an additional Loan Facility for Thameswey Developments Limited to enable the preparation of a further Hybrid Planning Application for the Regeneration of Sheerwater.