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To approve a capital budget of
£1,918,096, subject to confirmation of a grant from Welsh
Government of 65% (£1,246,762), with Monmouthshire’s
contribution of £671,334 to be found from existing approved
education capital schemes.
 
That Cabinet approve a capital budget virement
of up to £671,334 from the currently unallocated funding
within the Abergavenny 3-19 programme. The final value of virement
required will only be confirmed upon receipt of the final grant
award from Welsh Government.
 
That in the event that the value of funding
from the Abergavenny 3-19 programme is less than required, any
shortfall will be met from the unallocated budget within the
2025/26 Schools capital maintenance grant programme