Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The report sets out details of the two funding models available for the programme - Capital and Mutual Investment Model (MIM).
The Welsh Government have recently confirmed details of the intervention rates for each funding option. The rates for both models are different to those at the time of submission and this change would have an impact on Cardiff's programme. In view of the revised intervention rates, the Welsh Government have asked Local Authorities to reconsider their position in relation to schemes delivered via MIM.
RESOLVED: that a dual funding model strategy be pursued to fund the 21st Century Schools Programme to include the MIM route for the delivery of our proposed Band B schemes at Cathays and Willows (including 3FE primary).
Publication date: 22/03/2019
Date of decision: 21/03/2019
Decided at meeting: 21/03/2019 - Cabinet
Effective from: 03/04/2019