Decision details
Roman Baths Archway Centre
Decision Maker: Chief Finance Officer (S151)
Decision status: Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To increase the capital budget for the
development of the Roman Baths Archway Centre for additional costs
identified during the course of the project due to Covid-19 related
delays and resolution of funding for piling and other issues
encountered during the demolition and structural phases of the main
contract. We successfully applied for additional grant funding from
the National Heritage Lottery Fund.
Decision:
To fully approve additional capital amounting
to £411k for the Roman Baths Archway Centre. This recognises
additional funding secured from National Heritage Lottery Funding
(NHLF) (£360k), recognition of 3rd party contributions
(£705k) and commitment of provisional capital programme for
Heritage Infrastructure Development (£500k). In addition,
NHLF support between revenue and capital activity has been
clarified resulting in a switch of the reporting of existing grant
awards. In summary, the total capital project is £5.7m funded
by £3.5m NHLF grant, £1.5m B&NES capital funding
and 3rd party contributions £0.7m.
Alternative options considered:
We could do nothing, however this would leave
a funding shortfall for completion of the project.
Publication date: 03/06/2021
Date of decision: 02/06/2021