Council End Of Year Accounts Shows Over £140 Million Investment In The City

26 Jul 2010

The report to cabinet presents the year end capital outturn for our capital programme. This covers capital investment by the city council and those funded from other sources such as £35m for the RENEW programme.

Councillor Mohammed Pervez Leader for the city council explained,

Quote:

“This has been a very challenging financial year for the council and it is likely to get even more challenging in the next two to three years. Many of our key funding partners have seen their funding programmes cut yet we continue to invest significant money into the city."

"We continually review our capital projects to ensure maximum external funding is achieved. In total the city council invested over £140 million into the City during 2009/10 with an additional £27 million being carried forward into 2010/2011 committed to specific projects. I want to assure people that no funding will be returned or lost."

The remaining £27 million has been reprogrammed into 2010/2011 and relates to the timing of the investment. The key areas which have been rephased are; £2.4 million heritage country park project at Chatterley Whitfield due to open October 2010, £5 million acquisition and development of the Spode site which is key to Stoke Town regeneration, £9 million into Adult Social Care £3m reprofiling of investment in infrastructure and £3m in Adult Social Care to ensure alignment with policy direction.

Councillor Kieran Clarke, Cabinet member for finance added,

Quote:

"Key milestone projects funded by this huge £140 million investment include: the £4 million Mitchell Memorial theatre refurbishment; phase one of the £7 million redevelopment scheme for Ingestre Square; a new City Centre bus station designed by internationally renowned architects, Grimshaws, with work due to commence March 2011 unlocking over £300 million investment opportunity in the East West precinct development; and finally the much celebrated and confirmed key developments in our Building Schools for the Future programme."

As well as the capital programme delivered by the City Council, through our regeneration partners additional investment has been delivered into the sub-region into priority regeneration projects, which totalled over £165m during 2009/10.

Tags:

Quote

Amongst other things also

Submitted by Ian Norris on 26 Jul 2010 at about 20:48.

Amongst other things also shows £2.7m spent on a new bus station, which explains why Cllr Leader is confident of being at ground breaking ceremoney, the council only need to build a small wall or lay a plaque to declare WORK has begun.

I'll await to read the full breakdown of spending as requested under FOI (over on the right, thanks trevor)

If you look at the basic report below renew,housing and education next biggest spending is on Councils IT £4M then that Bus Station then £1.9M on sports (what sport?)

¨°o.O O.o°¨°o.O O.o°¨°o.O O.o°¨°o.O O.o°¨°o.O O.o°¨°o.O
¨°o. Keeping an eye on Labours past pledges http://labourstodo.tk/
¨°o. Non-Party Candidates 2011 don't split your vote reserve a ward now
¨°o. http://nonpartycandidates.tk/

reply
quote

Let's toss a coin up. Heads

Submitted by Gary Elsby on 28 Jul 2010 at about 11:21.

Let's toss a coin up.

Heads for massive cuts.
Tails for pure investment.

Now let's bet on the outcome.

reply
quote

A new Bus Station to service

Submitted by Alan on 04 Aug 2010 at about 15:16.

A new Bus Station to service the Cultureal Quarter is not needed by the residents of Hanley. The present Bus Station is there because it occupies land that suffers from severe subsidence. it also serves the older residents to the east in the Residential Quarter. It was realised at the time the present Bus Station was built on the site of the old Hanley High School that any substantial building would require stabilising and underpinning costing many £millions. As I am aware that has not been done!!

reply
quote