Pages in Community Infrastructure Levy information
5. Strategic Fund
What is the Strategic Fund?
The majority of the money collected through the levy is pooled together to spend on larger infrastructure projects across the borough. This is known as the Strategic Fund.
The Strategic Fund must be used to fund the provision, improvement, replacement, operation or maintenance of infrastructure which is needed to support growth in the borough. The types of infrastructure which the Strategic Fund could be spent on are set out in our Regulation 123 List (superseded by The Infrastructure List included within the Annual Infrastructure Funding Statement.
- roads and transport
- healthcare and medical facilities
- open spaces and facilities for sport and recreation
- flood management
The Council has developed a Strategic Infrastructure Programme (SIP) guiding how the Strategic Fund will be spent. This five year programme identifies the infrastructure projects which the Council has agreed to fund through the levy and the amount of CIL funding it is will contribute.
The Council's Executive considered and agreed the SIP at its meeting on 13 July 2017
The SIP was reviewed in July 2018