Issue details

Upper Don Valley Flood Protection Scheme Phase 1 - Allocation of Corporate Investment Fund Contributions

To obtain approval to allocate Corporate Investment Fund contributions up to a maximum of £3.75 million to the Upper Don Valley Flood Protection Scheme Phase One.  These funds will ensure that the scheme is within budget and enable the award of the construction operator contract. Once this is complete the scheme can progress to its detailed design and construction stage in February 2020. A decision to allocate these extra funds is needed to enable the scheme to proceed in line with a programmed timetable agreed with the Council’s partner investors. This will ensure that the Council retains secured external partner funds amounting to £5.435 million to support delivery of the scheme.

 

Decision type: Key

Reason Key: Expenditure/savings > £500,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 17/03/2020

This decision will be taken under urgency procedures.

Scrutiny Committee: Economic and Environmental Wellbeing Scrutiny Committee;

Decision due: 3 Feb 2020 by Leader of the Council

Lead director: Director of City Growth

Department: Place

Contact: James Fletcher Email: james.fletcher@sheffield.gov.uk Tel: 273 5847.

Date agenda documents available: 17/03/20

Decisions

Documents