Decision

The Executive resolved as follows:

1. To agree that Appendix 8a to the Executive report, is not for publication by virtue of Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972 as it includes detailed costings that enable the scheme to be viable. The publication of such information could prejudice continuing and future negotiations.
2. To approve the overall project budget of £8,010,979.25 million for phase one and two of this scheme (£6,020,979.25 for phase one and £1,990,000 for phase two). The below approvals have previously been granted:

-           £4.8m previously approved via EX48/2022 on 5 December 2022 [phase 1].

-           £1.99m previously approved via EX48/2023 on 12 December 2023 [phase 2].

As a result, an uplift to the budget is required of £1,220,979.25.

The uplifted costs will be funded by the funds made available through the Safety Valve agreement between Blackpool Council and the Department for Education previously approved via Executive Decision EX4/2023 on 23 January 2023.