Resolved
(1) That it be agreed to allocate £524k of Local Area Development Funds to progress the following projects for the 2026/27 financial year as discussed and recommended at the respective Area Oversight Group and to agree to add the capital projects to the capital programme:
Figure 1: Project Summary
|
Project |
Est. Cost (£) |
AOG |
|
|
RDEL |
CDEL |
||
|
Banbury Town Centre Revitalisation – Look and Feel Phase 2 |
|
£100k |
Banbury |
|
Pioneer Square Conveniences (Manorsfield Road) |
£26k |
|
Bicester |
|
Langford Village Park Improvements |
|
£100k |
|
|
Dangerfield Nature Reserve Boardwalk |
|
£60k |
|
|
Sports Pavilion – RIBA Stages 2-4 |
£33k |
|
Kidlington |
|
*Green Spaces Improvements – Yarnton |
|
£110k |
|
|
Town Centre Improvements |
£30k |
|
|
|
*Oxford-Banbury Road Corridor Options Appraisal |
£45k |
|
|
|
Community Insight Fund |
£20k |
|
|
|
Total Revenue / Capital Funding |
£154k |
£370k |
|
|
Total Funding Requested |
£524,000 |
||
|
* The allocations for these two projects are for match funding to support delivery of a wider initiative |
|||
(2) That the use of £47,281 of S106 funds to top up the proposed allocation for Green Spaces Improvements for Yarnton (Appendix 3) be approved to create a total scheme budget of £157,281 in the capital programme.
(3) That authority be delegated to the Executive Director Place and Regeneration, in consultation with the Portfolio Holder for Strategic Leadership and Regeneration and the Assistant Director Finance, to agree final cost plans for the above projects subject to the maximum cost envelope outlined in Figure 1 above.
(4) That the progress of previously approved projects be noted and it be agreed to receive further updates as project delivery progresses.