Details of decision:
The portfolio holder approves a supplementary capital budget of £207,596 in respect of Capital Repairs at Toneworks, Wellington, and accepts funding of £185,596 from Historic England plus allocated £22,000 from New Homes Bonus Earmarked Reserve to fund the budget increase.
Following the successful delivery of Phases 1 and 2 repair at Toneworks with external funding from DCMS, Historic England has offered a further £185,596 following a formal application for funds by SWT. This funding is to allow the continuation of contractors on site to allow a seamless continuation of works into Phase 3.
This grant was offered on the 10 November 2022 and must be spent by 15 March 2023.
The project delivery is exceptionally complex and within a tight timeframe. We will continue to work in tandem with our funder and stakeholders through any issues that arise.