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Decision details

21st Century Schools Band B Funding

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

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.

Decision:

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

Accompanying Documents:

 

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