Following the decision agreed by Minute 148 2008/09 to establish a Skills Centre on the London Road /North Street site, received a report from the Corporate Director of Children’s Services regarding funding options to implement the proposals.
Agreed, in order to assist the Council to achieve all of its Community Priorities to:
(i) Confirm their support for the Skills Centre as a priority project , and the subsequent rationalisation of the Capital Programme to accommodate this scheme, the impact of which will be advised to Members at a later date;
(ii) Approve the inclusion of this scheme within the current capital programme;
(iii) Prudential borrowing for this scheme for the sum of £8.97m subject to any sum identified from (iv) below; and
(iv) officers seeking a financial contribution from Barking College towards meeting the capital costs of building the Skills Centre as a condition of the partnership arrangement.