Agenda item

(a)  That the expenditure made to date from the Community Investment Fund during 2017/18 be noted;

(b)  That the expenditure made to date from the Community Investment Fund during 2018/19 be noted;

(c)  That the Cabinet expenditure items, for 2018/19, outlined at Para 5.3.3 of the report be agreed.

The Service Lead Finance introduced a report that updated the Cabinet on the Community Investment Fund (CIF) outturn for 2017-18 and the latest position for 2018-19.

The CIF budget in 2017-18 was all for capital schemes identified by ward Members across the borough and £0.12m of the £1.05m budget had been spent with a further £0.77m committed and carried forward to fund a wide range of schemes as detailed in Appendix A to the report.  The Cabinet had previously agreed that the unspent £0.165m would be allocated to schemes to improve the primary shopping areas in Slough in High Street, Farnham Road and Langley.  This would be used for new signs, replacement benches and public realm improvements.

The 2018-19 CIF included some revenue funding for the first time and a pot available for the Cabinet to allocate.  Approval was sought for the £210k capital and revenue for the Cabinet designated schemes which included walking tracks, a pop-up stage in the town centre, replacement shrubs and trees, publication of Citizen magazine and Disabled Go.  Lead Members welcomed the proposals and agreed the allocation as set out in paragraph 5.3.3 of the report.

A sum of £0.67m was currently unallocated from the revised 2018-19 CIF budget and it was highlighted that the Deputy Leader was working with ward Members to bring forward their proposals.  The Cabinet noted the update and welcomed the wide range of excellent local schemes that had been delivered or planned.

Resolved –

(a)  That the expenditure made to date from the Community Investment Fund during 2017/18 be noted;

(b)  That the expenditure made to date from the Community Investment Fund during 2018/19 be noted;

(c)  That the Cabinet expenditure items, for 2018/19, outlined at paragraph 5.3.3 of the report be agreed.