The East Riding of Yorkshire Council is to spend millions of pounds in Beverley through its capital programme for the forthcoming financial year April 2014 to March 2015.
A major programme of work has recently been approved following this month’s meeting of the full council.
This investment is not only a key injection of resources, but also provides a continuing stream of work which supports jobs in the local construction industry and related sectors. The programme will sustain and improve the East Riding’s essential infrastructure and facilities, including housing, schools, roads, leisure and other community facilities.
The council’s capital works - the investment in new facilities and infrastructure – has emphasis on invest to save. Investment such as rationalising and aligning assets with the aim of saving £2.5m annually on revenue costs. Much of the funding comes from successful bidding for grants building on deliverability and reliability. Working with private sector partners, it gives a real boost to the local economy, sustaining and creating jobs.
Despite the continuing national economic difficulties, the council is again set to approve capital investment of well over £100m (£117m for 2014/15) and a total of £225m is earmarked for the next four years to 2017/18.
Councillor Stephen Parnaby OBE, leader of the council, said: “At a time when council revenue budgets are reducing because of large cuts in national government grant funding, it is more important than ever to try to sustain and improve local services and assist local economic growth.
“In the face of continuing economic austerity in the country, the East Riding’s capital programme is a real success story that is increasing investment in our area, sustaining and creating jobs, and resulting in significant savings from the council’s main revenue budget.
“The key focus is on investing to save, so we get the investment and are able to maintain the services through greater efficiency – a win-win all round.”
Major capital investment for 2014 includes the following across the East Riding: £135m on transport and highways; £37m on flood resilience; £100m on improvements maintenance and remodelling of school buildings; £350m on housing, on improvements, maintenance (energy efficiency) – 500 new homes; £50m on economic development and community provision, such as leisure, libraries and community hubs; £14m roll out of superfast broadband across the East Riding
Specific Major schemes in progress or starting soon, include: Beverley Integrated Transport Plan (£22m) including southern relief road, completion 2015; A five-year, multi-million pound project to build 500 new council homes and improve thousands of others at locations across the East Riding. A £9m programme of major highway maintenance works at more than 50 locations in the East Riding.