Extra £1.8 million investment in county
Gloucestershire County Council is set to invest an extra £1.8 million in the county in the next financial year.
A report being presented to cabinet next week shows a projected underspend of around £1.79 million in the 2020/21 financial year, which will be allocated into the following areas:
- £1 million to create a ‘Gloucestershire Restart Fund’, which will allow for a range of activities to help the county get back to normal as quickly as possible following the COVID-19 pandemic. Further details of this scheme will be announced at a later date.
- £220,000 to the Electric Vehicle Infrastructure Fund to fund 500 new charging points around the county, to continue ongoing efforts to tackle climate change. It is estimated there are currently in the region of 50 to 60 public charging points in the county and these extra ones will aim to encourage greater take-up of electric vehicles.
- A £10,000 increase per councillor for Highways Local schemes in 2021/22, totalling £530,000. The initiative will then provide each councillor with £30,000 to fund local works, including resurfacing, road safety and drainage repairs.
Any additional underspend by the end of the financial year will be used to help fund the ongoing costs of the pandemic.
Cllr Mark Hawthorne, leader of Gloucestershire County Council, said: “Due to sound financial management we are able to invest even more into key areas for the benefit of Gloucestershire. The 500 new electric vehicle charging points shows our commitment to reducing our carbon footprint, while the £1 million we are investing in the Restart Fund will allow our county to get back on its feet following the pandemic as quickly as possible.”
You can read the full cabinet report here.