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RESOLVED:
 
1.        
That Cabinet approves the full amount requested of
£899,645, (76% of total project cost), comprised
of:

 
 • Up to £899,645 of
capital funding towards the construction of a community building to
be paid in staged payments, on evidence of spend.
 
• 5%
of which will be retained as final payment until final evidence of
income, expenditure and building control sign-off is
provided.
Reasons for Decisions:
 

·     
This application has been the subject of a rigorous
assessment process and officers consider the project meets the aims
and published criteria of the Fund and to satisfy the requirements
to award funding.

·     
The project will provide a much-needed
community building supporting one of Surrey County Council’s
most deprived neighbourhoods, Stanwell. There are very few
facilities currently in the area, so the new community building
will enhance the neighbourhood and provide many opportunities for
the residents as there has been considerable interest in using the
new facility.
 
(The
decisions on this item can be called-in by the Communities,
Environment and Highways Select Committee)