2.12 The regulations stipulate that finance raised through CIL can be spent flexibly on any identified infrastructure item and therefore the precise amount of CIL attributed to each project will not be known at this time and will be used in conjunction with other funding sources where available to help bring forward infrastructure in a timely fashion in line with growth. 2.13 Please note that the following is simply an illustration of the Borough’s overall need and estimated cost up to 2026. This table should not be viewed as a definitive programme for expenditure. Further, infrastructure requirements and costs may change over the plan period and will be updated accordingly in future revisions of the PIP. This table does, however, represent the most up to date summary of information available and can be used to illustrate the estimated total cost of infrastructure as at November 2011, which CIL is capable of contributing to in whole or in part in the future. 1 - List of Infrastructure Projects Funding Gap can be Funding Delivery Infrastructure Cost (£) met through Secured Agency use of CIL finance Dorset Heathland SPA mitigation £9,200,000 (which includes the (this is the amount expected £0 £9,200,000 estimated £5.5 million to be collected from, and required to deliver used to mitigate, the proposed Upton Farm remaining 7,354 dwellings) SANG Poole Harbour SPA £500,000 £0 £500,000 £37,000,000 Requirement to pay back Poole Bridge Twin Although this £10,000,000 £37,000,000 Sails comprises a RIF loan £10,000,000 RIF loan £14,000,000 Other Poole Bridge assumed to £27,000,000 £13,000,000 transport projects come through LTP3 funding Poole-Bournemouth £9,000,000 Bus Showcase assumed to £25,000,000 £16,000,000 Corridor (including come through Wallisdown element) LP3 funding £10,000,000 Town Centre assumed to Infrastructure £20,000,000 £10,000,000 come through improvements LTP3 funding A31 BoP Contribution £0 £2,000,000 approximately £2,000,000
2.12 The regulations stipulate that finance raised through CIL can be spent flexibly on any identified infrastructure item and therefore the precise amount of CIL attributed to each project will not be known at this time and will be used in conjunction with other funding sources where available to help bring forward infrastructure in a timely fashion in line with growth. 2.13 Please note that the following is simply an illustration of the Borough’s overall need and estimated cost up to 2026. This table should not be viewed as a definitive programme for expenditure. Further, infrastructure requirements and costs may change over the plan period and will be updated accordingly in future revisions of the PIP. This table does, however, represent the most up to date summary of information available and can be used to illustrate the estimated total cost of infrastructure as at November 2011, which CIL is capable of contributing to in whole or in part in the future. 1 - List of Infrastructure Projects Infrastructure Cost (£) Funding Secured Funding Gap can be met through use of CIL finance Delivery Agency Dorset Heathland SPA mitigation (which includes the estimated £5.5 million required to deliver proposed Upton Farm SANG £9,200,000 (this is the amount expected to be collected from, and used to mitigate, the remaining 7,354 dwellings) £0 £9,200,000 Poole Harbour SPA £500,000 £0 £500,000 Poole Bridge Twin Sails £37,000,000 £37,000,000 Although this comprises a £10,000,000 RIF loan Requirement to pay back £10,000,000 RIF loan Other Poole Bridge transport projects £27,000,000 £14,000,000 assumed to come through LTP3 funding £13,000,000 Poole-Bournemouth Bus Showcase Corridor (including Wallisdown element) £25,000,000 £9,000,000 assumed to come through LP3 funding £16,000,000 Town Centre Infrastructure improvements £20,000,000 £10,000,000 assumed to come through LTP3 funding £10,000,000 A31 BoP Contribution approximately £2,000,000 £0 £2,000,000
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