Purpose

The purpose of this report is to seek approval to the virement of funding from the Council’s Growth Budget to the Bootle Canalside (Salt n Tar) Capital programme in the sum of £300,000 to enable the completion of the project as identified and previously approved as part of the Bootle Canalside project Business Case.

Decision

Decision(s):

That a a virement of £300k from the Growth Budget to the Capital Programme 2023/24 be approved.

Reasons for the Decision(s):

To make additional provision within the budget to cover project costs for the Salt n Tar project event space which will deliver economic and social benefits to the residents and businesses of Bootle.

Alternative Options Considered and Rejected: (including any Risk Implications)

Options are:

Do Nothing - not recommended as an option as programme of events has been developed and site has to be completed.

Fund the capital works herein via other funding sources – not recommended given the previous allocation and approval from Cabinet for the use of funds for the project proposed.