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Cabinet:

(1)           
approved the capital budget of up to £8.4m for
the Crematorium capital scheme which is funded by prudential
borrowing;

(2)           
noted the Crematorium service will aim for a Return
on Investment for the new Crematorium facility through revenue
generation from cremations over 25 years;

(a)          
noted the Operations of the Crematorium has been
assessed by modelling revenue against the overall project costs of
£8.4m (2 chambers);

 

(b)          
noted the analysis of ROI for all Crematorium
operations indicates a potential £21m surplus over 25yrs,
this will be subject to demand and successful marketing of the
Crematorium facility;
 

(c)          
noted the financial business case scrutinised by
Finance and Neighbourhoods;
 

(d)          
noted the Chapel has capacity to host burial
ceremonies, which could generate additional revenue; and

(3)           
delegated authority to the Corporate Director of
Property & Delivery, in consultation with the Corporate
Director of Neighbourhoods, to deliver the crematorium scheme,
taking the project through the developed design programme,
planning, procurement approvals and construction.