Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: September 16, 2025

Purpose: The Cabinet will be provided with an update on the business case and delivery of the Olding Road project.  

Content: Resolved:   That: 1.           The recommended Option 2 and approach for the former depot and warehouse, as set out in the revised business case included as Appendix A to Report number CAB/WS/25/039, be approved.   2.           The revision of the current £7.0 million project budget expenditure be approved, as follows:   -      £6.0 million to deliver Option 2. -      £0.77 million budget for solar installation as a top up to the net zero fund as detailed in Appendix D and -      The balance (£0.23 million) to go back into the Investing in our Growth Agenda fund uncommitted balance. -      Of this budget, £5.77 million to be assumed to be funded through prudential borrowing.   3.           The Portfolio Holder for Resources and the Portfolio Holder for Leisure be supported to progress plans for the repurposing of the remainder of the site.   4.           The enabling works of up to £1.5 million from the budget to mitigate further programme delay, as set out in Appendix A to Report number CAB/WS/25/039, be agreed.   5.           It be acknowledged that in line with recommendations 1., 2., 3. and 4. above, Officers to proceed in line with the Council’s agreed Scheme of Delegation.   6.           The Council’s Section 151 Officer to make the necessary changes to the Council’s prudential indicators, as a result of recommendations 1., 2., 3. and 4. above.