Finance and Economic Overview and Scrutiny Committee - Wednesday, 8th May, 2024 2.00 pm

May 8, 2024 View on council website Watch video of meeting Watch video of meeting
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Summary

The council meeting focused on several key community and economic development issues, including the construction of a new waste depot, updates on St Martin's Park, and the development of an economic development strategy. The meeting also addressed the progress of the East Midlands Building Control Consultancy and the Grantham Future High Street Fund.

  1. New Waste Depot Construction: The committee discussed the ongoing value engineering process to align the construction costs with the budget. Concerns were raised about potential delays and cost overruns. The decision to continue with the project as planned, despite these challenges, underscores the council's commitment to improving local infrastructure but also highlights the risks of escalating costs and project management complexities.

  2. St Martin's Park Development: Updates were provided on the progress of St Martin's Park, including financial aspects and planning issues. The council is seeking a £2.8 million grant to ensure the project's viability, indicating financial challenges. The decision to continue pursuing this project despite financial uncertainties reflects the council's dedication to redevelopment but also points to potential financial risks if additional funding is not secured.

  3. Economic Development Strategy: The council discussed the newly drafted economic development strategy, which was already released for public consultation. Errors and readability issues in the document were highlighted, leading to discussions about the need for revisions. The decision to proceed with the consultation despite these issues shows a proactive approach to economic planning but suggests a need for more thorough review processes in future council publications.

  4. East Midlands Building Control Consultancy: The committee reviewed the consultancy's performance, noting a decrease in income and applications but a stable market share. The decision to note the report without major changes suggests satisfaction with the current management of the consultancy, despite the challenging economic climate affecting its operations.

  5. Grantham Future High Street Fund: Progress on the public realm projects and other initiatives funded by the High Street Fund was discussed. The decision to continue with these initiatives, despite some public opposition, indicates the council's focus on revitalizing the town center, which could lead to enhanced community spaces and economic benefits.

The meeting was marked by a detailed examination of ongoing projects and strategic initiatives, reflecting the council's focus on infrastructure, economic development, and community improvement. However, concerns about project management and financial oversight were evident, suggesting areas for future improvement. The North Kesteven Economic Overview and Scrutiny Committee meeting, chaired by Councillor Bridget Lay, discussed several key issues. The meeting began with an adjournment due to some members being delayed by an accident on the A1. Once reconvened, the committee addressed the absence of public speakers and noted apologies from several councillors.

A significant portion of the meeting focused on the introduction of a maintenance strategy for corporate property assets. This strategy is a response to the poor state of repair of various properties, including leisure centres and car parks. The strategy aims to shift from reactive to proactive maintenance, with a goal to reverse the current 80% reactive and 20% proactive maintenance ratio. The discussion highlighted the financial challenges of addressing the backlog of maintenance work and the strategic importance of investing in assets to prevent further deterioration.

The committee also discussed the financial implications of the maintenance strategy, noting that £1 million has been allocated in this year's budget to support investment in assets. However, it was acknowledged that this amount is insufficient and that further investment will be necessary in the coming years.

Another topic of discussion was the management of leasehold properties, with questions raised about the maintenance responsibilities and financial implications of leasehold versus freehold properties. The committee agreed on the importance of understanding and managing these obligations to avoid potential legal issues.

The meeting concluded with discussions on various other administrative matters, including the approval of minutes from previous meetings and updates on other council activities. The committee agreed to continue monitoring the implementation of the maintenance strategy and to address any emerging issues in future meetings.