Purpose

This paper sets out the next tranche of projects – discussed and recommended by Area Oversight Groups (AOGs) – for Local Area Development Funding approval.

Decision

Resolved

(1)            That it be agreed to allocate £524k of Local Area Development Funds to progress the following projects for the 2026/27 financial year as discussed and recommended at the respective Area Oversight Group and to agree to add the capital projects to the capital programme:

Figure 1: Project Summary

Project

Est. Cost (£)

AOG

RDEL

CDEL

Banbury Town Centre Revitalisation – Look and Feel Phase 2

£100k

Banbury

Pioneer Square Conveniences (Manorsfield Road)

£26k

Bicester

Langford Village Park Improvements

£100k

Dangerfield Nature Reserve Boardwalk

£60k

Sports Pavilion – RIBA Stages 2-4

£33k

Kidlington

*Green Spaces Improvements – Yarnton

£110k

Town Centre Improvements

£30k

*Oxford-Banbury Road Corridor Options Appraisal

£45k

Community Insight Fund

£20k

Total Revenue / Capital Funding

£154k

£370k

Total Funding Requested

£524,000

* The allocations for these two projects are for match funding to support delivery of a wider initiative

(2)            That the use of £47,281 of S106 funds to top up the proposed allocation for Green Spaces Improvements for Yarnton (Appendix 3) be approved to create a total scheme budget of £157,281 in the capital programme.

(3)            That authority be delegated to the Executive Director Place and Regeneration, in consultation with the Portfolio Holder for Strategic Leadership and Regeneration and the Assistant Director Finance, to agree final cost plans for the above projects subject to the maximum cost envelope outlined in Figure 1 above.

(4)            That the progress of previously approved projects be noted and it be agreed to receive further updates as project delivery progresses.