Agenda item

The Chief Financial Officer introduced the report and the recommendations within it.

The Mayor welcomed the programme approvals and noted that we are having a spotlight this week on Net Zero and this heavily relates to that work.

RESOLVED: That the Board has considered and approved:

i)      The progression of “Sheaf Valley Cycling Route” project to full approval and award of £2.3m grant to Sheffield City Council (SCC) subject to the conditions set out in the Assurance Summary.

ii)     The progression of “A630 Bus Improvements” project to full approval and award of £1.6m grant to Doncaster Borough Council (DBC) subject to the conditions set out in the Assurance Summary.

iii)   The progression of “Goldthorpe Station Access” project to full approval and award of £0.55m grant to Barnsley Metropolitan Borough Council (BMBC) subject to the conditions set out in the Assurance Summary.

iv)   The progression of “Elsecar Active Travel Scheme” project to full approval and award of £0.57m grant to Barnsley Metropolitan Borough Council (BMBC) subject to the conditions set out in the Assurance Summary.

v)    The progression of “D0037” project to full approval and in-principle approval for an investment of £3m to a Sheffield based business subject to the conditions set out in the Assurance Summary.

vi)   The progression of “Housing Retrofit” project from Outline Business Case (OBC) to Full Business Case (FBC) subject to the conditions set out in the Assurance Summary.

vii)  The Local Transport Fund Grant (£5.66m); the award of grant to South Yorkshire Supertram Ltd for the tram element of funding (£4m); and the earmarking of the bus element to the protection of priority services (£1.66m).

viii)The approval of 12 Project Change requests

ix)   That 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 1-4 above.

x)    The delegated authority to be given to the Head of Paid Service in consultation with the Section 73 and Monitoring Officer and the Mayor and Chair of the Business Growth Board to enter into legal agreements for the scheme covered in point five, subject to the satisfactory conclusion of due-diligence and negotiation of an appropriate investment method.