Purpose

To approve additional funding required to conclude the successful delivery of the South Bristol Light Industrial Workspace Project.

Decision

A change request was submitted to WECA identifying forecast £335,091 of additional delivery costs related to building contract variations, increases in professional fees and utilities connection costs. Following WECA’s approval of the change request this Officer Executive Decision authorises the acceptance of this funding and approval to make the necessary adjustments to the Council’s budgets.

Alternative options considered

Option 1 - Not accept the funding - Rejected as this would not support the successful delivery of the South Bristol Light Industrial Workspace Project.