Decision details

The purpose of this report is to provide the context for a recommendation to accept a government grant offer from the Sheffield City Region of £1,287,587 of funding, as part of the Transforming Cities Fund (TCF) Tranche 2 stage 2. This will fund further design development to take the project to final business case stage.

That the Executive Member for Climate Change, Environment and Transport:

1. Approves the Council accepting the grant offer from the Sheffield City Region of £1,287,587 of funding, as part of the Transforming Cities Fund (TCF) Tranche 2 stage 2; and

2. Approves the Council entering into the grant agreement with Sheffield City Region as outlined in the report.

The preferred option provides the opportunity to link into the other proposals in the city centre and directly onwards to the Attercliffe corridor. The preferred option delivers the transformational aspects of the funding requirements. The project will deliver the benefits described in section 2.4.

It is therefore recommended that approval is given to progress the next stage of the project.

Do Nothing

Not accepting SCR / TCF funding would mean foregoing the opportunity to deliver significant capital interventions along in the Kelham Island, Neepsend and Burngreave areas and the associated economic, environmental and social benefits.  Internal resourcing available for other schemes. No benefits delivered, no contribution to climate resilience.

If the proposed scheme does not come to fruition, the impact will be an exacerbation of traffic-related problems. Furthermore, air quality issues associated with traffic congestion will persist, limiting the ability of local people to lead healthy lives and reducing the ability to achieve local, City Region and national emissions targets. The scheme will also introduce improvements in public realm which incorporate resilience to climate change and the deliverability of a liveable, attractive space. These objectives will be severely compromised if the scheme doesn’t progress.