Infrastructure Delivery Plan (Feb 2013) - Runnymede Borough Council

16.6 The table below outlines the total known costs of the essential infrastructure which will
be required over the plan period to deliver the development forecasted in the Local
Plan, and, after taking into account existing streams of funding, the size of the funding
gaps identified. There are numerous other projects/schemes which have not been
accounted for in this table but which are detailed in the Infrastructure Schedule in
Appendix 1.
Table 17- essential infrastructure forecasted to be required to deliver the development forcasted
in the Local Plan
Infrastructure
category
Open and
Green
Spaces
Education
Transport
Infrastructure
required
Provision and
maintenance of
SANG over the plan
period to support
new residential
development in the
zone of influence
Provision of
additional primary
and secondary
spaces school
places over the next
10 years
Various schemes to
the road network
and relating to
public transport
Essential/desirable Funding
required
Funding
gap
Essential £1,977,600 £1,977,600
Essential
£53.7 million
(up to
2021/22)
£34.1
million 58
Essential £23,469,500 £12,274,500
TOTAL SIZE OF FUNDING GAP £48,352,100
16.7 It should be noted that the infrastructure which is to be provided as part of the mixed
use development at the former DERA site has not been incorporated into the table
above. This infrastructure is nevertheless considered to be essential. A breakdown of
the infrastructure expected to be delivered at the site is detailed in the IS in appendix 1.
The cost of providing the majority of the required infrastructure is not known at this
stage although it is envisaged that initially all of the infrastructure would be funded by
the developer.
16.8 The limited availability of public sector funding means that the primary source of
funding to bridge the funding gap outlined in table 17 will be through the Community
Infrastructure Levy. It is expected that a charging schedule will be adopted by April
2014.
58
This is based on a ‘better case’ scenario provided by SCC. The gap could be at a level of £53.7 million if no Basic Need Capital
Grant is received from Government over the next 10 years. The funding gap will therefore need to be reviewed the basic need
grant for 2013/14 has been announced.
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Runnymede IDP DRAFT – February 2013