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Sheffield Council to set reinvest £21m
Sheffield City Council is set to reinvest £21 million in local services, from school improvements to street lighting, over the next three years.
In its next meeting on January 10th, the local authority’s cabinet is expected to allocate the funds to priority projects that lack access to alternative funding.
The £21 million sum is the figure made available by the sale of surplus assets, but represents just a fraction of the £1 billion due to be spent over the next three years on key public services as part of its Capital Programme.
Councillor Steve Jones, deputy leader of the council and cabinet member for finance and performance, explained that the process of reinvesting money into projects that would not otherwise have access to funding was a part of the local authority’s job.
“The Capital Programme is a massive investment which will include a major building and refurbishment programme for Sheffield’s schools and council housing and spending on the city’s parks, highways and the environment,” he said.
“It also ensures that we reinvest monies from the disposal of council assets into existing facilities, which may not have access to capital funding from elsewhere.”
Local cabinet decision-makers will set aside the £21 million in their bid to make Sheffield safer, greener and cleaner, spending on health and safety improvements, tree planting, public toilet renewal, new school infrastructure and highway maintenance, among other projects.
© Adfero Ltd
