Decision details
Allocation of Funding Received from the Transport Infrastructure Investment Fund
Decision Maker: Cabinet
Decision status: Recommendations approved
Is Key decision?: Yes
Purpose:
The Department for Transport has announced funding under the heading Transport Infrastructure Investment Fund that pulls together a number of previously announced funding streams including the 2020/21 Challenge Fund and the Pothole Action Fund. The allocation for Lancashire is £15,891,000. It has been confirmed that it is not ring-fenced and that authorities can spend on capital projects such as preventative maintenance and storm damage as a result of the severe weather events earlier in the year.
The additional funding announcement gives us a number of opportunities.
This is deemed to be a Key Decision and the provisions of Standing Order C19 have been complied with.
Decision:
The Cabinet approved the recommendation(s) as set out in the report.
Reason Key: Expenditure > £1,700,000;
Divisions Affected: (All Divisions);
Contact: Paul Binks Email: paul.binks@lancashire.gov.uk Tel: 01772 532210.
Date of decision: 09/07/2020
Effective from: 15/07/2020