Decision details

To seek endorsement for the outline Infrastructure Funding Strategy (IFS) for the New Community North of Fareham (NCNF), prepared by the Council’s consultants (GVA Financial Consulting) and to agree the focus of the second phase of work to prepare the detailed IFS by Autumn 2013.

The NCNF Infrastructure Funding Strategy will form an important part of the evidence base to support the final NCNF Plan at Examination; when combined with the outcomes of work already underway to prepare an Infrastructure Delivery Plan and economic viability appraisal it will help demonstrate the deliverability of the new community.

At this stage the Council’s consultants have prepared an outline IFS that includes a range of options that could be available to the Council, other public sector partners and the prospective developers, including recommendations on which of these should be pursued further in phase two of this work (preparation of the detailed IFS).  The outline IFS is now recommended to the Executive for approval, to be published as part of the evidence base to support the proposed public consultation on the emerging NCNF Plan (the subject of a separate report in the agenda for this meeting). 

That the Executive:

(a)     Supports the outcomes of the Outline Infrastructure Funding Strategy report as summarised in Appendix A to this report,

(b)     Agrees to the publication of the Outline IFS alongside the NCNF Plan as one of the supporting documents for the proposed 6 week public consultation; and