Purpose

To request the additional resources required
to deliver the vision, plans and projects, over the next three
years, to meet the Councils priorities - working with the
communities of Banbury, Bicester & Kidlington.

Content

Resolved
 

(1)           
That an award of £300k funding from MHCLG be accepted to be
spent in 2025/26 on investment in capacity funding to support the
acceleration of infrastructure and housing delivery in Bicester as
part of the Bicester Garden Town Programme.
 

(2)           
That £600k be transferred from the projects reserve to a new
earmarked “Growth and Regeneration Projects Reserve”
and to allocate £100k of this in 2025/26.  This funding will add capacity to the other two
Area Oversight Group areas of Banbury and Kidlington (and the 4
surrounding parish areas of the Local Plan Partial Review 2020) to
accelerate housing and employment delivery through projects
detailed in the report.
 

(3)           
That it be agreed to delegate to the Corporate Director Communities
(post title will
change to Executive Director Place and Regeneration effective 15
October 2025), in consultation with the Portfolio Holder for
Finance, Property and Regeneration, the programme management and
change control of funding to meet the identified projects, and
subject to approval of the project business plans by Executive
Committee as identified within the report.