Purpose

The purpose of this report is to set out how
the Local Transport Grant, Integrated Transport Block and Local
Transport Revenue Fund, will be allocated and managed.

Decision

That:
 
a) approval is given to draw down the
£4,760,000 Local Transport Grant, £1,077,000 Integrated
Transport Block and £242,000 Local Transport Resource Fund,
in accordance with the Council’s capital programme.
 
b) delegated authority is given to the
Corporate Director Economy and Environment to take all operational
decisions over the lifetime of the funding, to deliver the
investment set out in recommendation (a)

Alternative options considered

That these investments are not made. The
council continues to deliver programmes that are already costed and
progressing, with sound project management practices but wholly
within the allocations made available internally. Furthermore, the
council continues to support transport services to the best of its
ability but without extra resources made available. This is not
recommended as this does not seek improvements to passenger
experience nor seek to improve the transport and infrastructure
network. Furthermore, the grant would need to be repaid, so this
would be a loss of funding to the council.