In addition to the do nothing and the preferred series of schemes, the following were evaluated, A large roundabout at Coach Road The currently proposed signalised junction could be – amended to a larger roundabout. However, this was discounted due to pedestrian accessibility and land issues. 5. FINANCIAL CASE 5.1 Spend / Funding Funding 17/18 18/19 19/20 20/21 Total Status Profile (A) Total Private 0 0 0 0 0 Investment (£) (B) Total Other Public Sector Investment 0 0 0 0 0 (non-SCR funding) (£) £3,595,013 (C) Total SCR + Funding 0 £173,775 £2,352,200 £8,458,000 Unconfirmed £2,337,013 in Sought (£) 21/22 (D) Total £3,595,013 Project + 0 £173,775 £2,352,200 £8,458,000 Unconfirmed Investment (£) £2,337,013 in (A+B+C=D) 21/22 SCR as % of Total Project 0 100% 100% 100% 100% Investment 60% (Project designed and initial cost estimated based on specific requirements / Degree of details of this project); certainty of cost estimates 5.2 Please outline any additional work required to confirm project costs / funding and when this is likely to be completed. 75 words max Complete detail design and final cost estimation (July 2019) Produce tender estimates (Summer 2019) Complete tender evaluation and appoint contractor actions (October 2019) 5.3 If funding sought is part or wholly grant, please justify why 100% loan is not suitable. 100 words max The scheme costs will be significantly greater than the ITB funding allocation so additional third party funding needs to be sought. The Council has no funding capacity to repay a loan due to pressure on the capital and revenue budget. Council’s
In addition to the do nothing and the preferred series of schemes, the following were evaluated, A large roundabout at Coach Road – The currently proposed signalised junction could be amended to a larger roundabout. However, this was discounted due to pedestrian accessibility and land issues. 5. FINANCIAL CASE 5.1 Spend / Funding Profile 17/18 18/19 19/20 20/21 Total Funding Status (A) Total Private Investment (£) 0 0 0 0 0 (B) Total Other Public Sector Investment (non-SCR funding) (£) 0 0 0 0 0 (C) Total SCR Funding Sought (£) 0 £173,775 £2,352,200 £3,595,013 + £2,337,013 in 21/22 £8,458,000 Unconfirmed (D) Total Project Investment (£) (A+B+C=D) 0 £173,775 £2,352,200 £3,595,013 + £2,337,013 in 21/22 £8,458,000 Unconfirmed SCR as % of Total Project Investment 0 100% 100% 100% 100% Degree of certainty of cost estimates 60% (Project designed and initial cost estimated based on specific requirements / details of this project); 5.2 Please outline any additional work required to confirm project costs / funding and when this is likely to be completed. 75 words max Complete detail design and final cost estimation (July 2019) Produce tender estimates (Summer 2019) Complete tender evaluation and appoint contractor actions (October 2019) 5.3 If funding sought is part or wholly grant, please justify why 100% loan is not suitable. 100 words max The scheme costs will be significantly greater than the ITB funding allocation so additional third party funding needs to be sought. The Council has no funding capacity to repay a loan due to pressure on the Council’s capital and revenue budget.
Greasbrough-Strategic-Outline-Business-Case-V2.docx