Agenda item

A report was submitted which requests progression of seven schemes, early release of development cost funding and approval of one project change request subject to the conditions to be set in the Assurance Summaries.

RESOLVED – That the Board approve:

i)         Progression of ”South Yorkshire Rail Station Improvements” project to full approval and award of £3.45m grant to South Yorkshire Passenger Transport Executive subject to the conditions set out in the Assurance Summary attached at Appendix A1.

ii)        Progression of D0012 – “UK Operations Growth Plan” to full approval and award of £1,75m to a Barnsley based company subject to funding being available and conditions set out in the Assurance Summary attached at Appendix A2.

iii)       Progression of “Century BIC II to full approval and award of £2.6m grant to Rotherham Metropolitan Borough Council (RMBC) subject to the conditions set out in the Assurance Summary attached at Appendix A3.

iv)       Progression of “Fargate Measures” project to full approval and award of £6m grant to Sheffield City Council (SCC) subject to the conditions set out in the Assurance Summary attached at Appendix A4.

v)        Progression of “A631 Rotherham to Maltby Bus Corridor” Outline Business Case (OBC) to Full Business Case (FBC) and the release of development cost funding of up to £0.25m to RMBC subject to the conditions set out in the Assurance Summary attached at Appendix B1.

vi)       Progression of “Barnsley-Doncaster Quality Bus Corridor” OBC to proceed to FBC and the release of development cost funding of up to £0.95m to Barnsley Metropolitan Council subject to the conditions set out in the Assurance Summary attached at Appendix B2.

vii)      Progression of “Sheffield Heart of the City 2 – Block A” OBC to proceed to FBC to SCC conditions set out in the Assurance Summary attached at Appendix B3.

viii)      Approval of project change requests as detailed in Appendix C.

ix)       Recommendation that officers should seek as strong a deal as possible with regards to loan and overage.

x)       Delegated authority be given to the Head of Paid Service in consultation with the Section 73 and Monitoring Officer to enter into legal agreements for the schemes covered at 1-6 above subject to funding being available.