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We are not in crisis , West Norfolk councillor insists during budget debate Published: 07:00, 03 February 2021
West Norfolk Council is not in crisis, despite warnings of a potential £4 million budget gap in the coming years, a meeting heard yesterday.
Members of the authorityâs ruling cabinet backed the authorityâs financial plan and capital programme during a virtual session on Tuesday afternoon.
King s Court, Borough Council of West Norfolk.. (43755272)
But officials have warned that, on current forecasts, the authorityâs reserves will drop to their minimum permitted level in 2024-25 and an estimated £4 million budget gap by then will need to be addressed.
Cabinet members agreed to recommend the five-year plan to full council when it meet on February 25.
Councillors have agree to a £250,000 extension to King s Lynn Innovation Centre (KLIC)
- Credit: Matthew Usher
Councillors received a report on the council s capital programme, totalling £54m.
Major projects include housing developments at Marsh Lane and Lynnsport, a £597,000 contribution towards the new nursing school at the College of West Anglia and £250,000 for a move-on centre and extended car park at the King s Lynn Innovation Centre.
Mr Middleton said the council was not intending to spend £250,000 on the physical KLIC building .
He said the money would provide extra parking spaces and explore the options for a move-on centre for businesses which were ready to expand.
King s Lynn Innovation Centre was opened off the A47 in 2016
- Credit: Matthew Usher
A council is set to invest another £250,000 in a business centre which left it £1m out of pocket when an enterprise agency could not repay the money it was loaned to built it.
West Norfolk council s ruling cabinet meets on Tuesday to discuss its financial plan for the next five years.
It warns future income is difficult to predict because of uncertainties caused by the coronavirus pandemic and Brexit.
The document sets out proposed expenditure and investments, which include extending the King s Lynn Innovation Centre (KLIC).