4. S106 FUNDING CALDICOT
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Division/Wards Affected: Caldicot
Purpose:To recommend to full Cabinet the inclusion of capital funding generated from S106 agreements in the 2023/24 Capital Budget
Author:Cath Saunders – Sustainable Communities for Learning Programme Manager; Nikki Wellington – Support Services Manager
Contact Details:Cathsaunders@monmouthshire.gov.uk
Nicolawellington@monmouthshire.gov.uk
Additional documents:
Decision:
Cabinet agrees that a budget of £439,286 is created in 2023/24 Capital Programme to fund adaptations at Castle Park Primary School to improve accessibility and increase the school capacity from 210 to 261 pupil places with effect from 1st September 2024.
The £439,286 will be funded by a S106 contribution from the development of the Sudbrook Paper Mill Site. This funding has been received into the Councils budget.
The remaining S106 funding due from two other housing developments in the Caldicot area, Church Road and Crick Road, will be used to fund improvement works at Archbishop Rowan Williams VA School as and when the funding is received into the Councils budget.