Decision details

(1)     that approval is given to adopt the 10-year Master Plan and to:

a.      authorise the Cabinet Member for Housing and Built Environment and the Assistant Director for Borough Economy (Green Spaces, Visitor Services, Events)/Executive Director Place to proceed on a phased basis for the spend of capital;

b.      approve the capital borrowing requirement for £7.856m to be released in the three phases set out in this plan.

(2)     that subject to a satisfactory strategic finance appraisal being undertaken, approval is given to three phases of delegated authority for release of the capital funds as follows:

a.    Phase One: April 2024 – March 2025 – Investment into infrastructure, Sandwell Valley Visitor Centre, King George V Pavilion, Land Train, entrance and shop expansion at Forge Mill Farm, and the development of a nature conservation and heritage plan. Total capital investment for this phase: £3,332,033.00;

b.      Phase Two: April 2025 – March 2026 – Investment into Swan Pool Water sports Centre and Café. Total capital investment for this phase: £2,774,024

c.      Phase Three: April 2026 – March 2027 – Investment into Forge Mill Farm Food Education Barn. Total capital investment for this phase: £1,750,000