11. Local Area Development Funds - Proposal for Allocation
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Report of Executive Director Place and Regeneration
Purpose of report
This paper sets out the first tranche of projects – discussed and recommended by Area Oversight Groups (AOGs) – for Local Area Development Funding. This funding was agreed as part of the annual budget setting process by Council on 23 February 2026.
Recommendations
The Executive resolves:
1.1 To agree to allocate £21.5k 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:
Figure 1: Project Summary
|
Project |
Est. Cost (£) |
AOG |
|
Banbury Town Centre Revitalisation - Look & Feel |
26/27: £21.5k *27/28: £38.5k |
Banbury |
|
- |
- |
Bicester |
|
- |
- |
Kidlington |
|
Total Funding Requested |
£21,500 |
|
|
* Figures for 27/28 full year are shown but not proposed for allocation at this stage. |
||
1.2 To delegate authority to the Executive Director Place and Regeneration, in consultation with the Portfolio Holder for Strategic Leadership and Regeneration, to agree final cost plans for the above projects subject to the maximum cost envelope outlined in Figure 1.
Additional documents: