Over £14 million will be invested in Clackmannanshire's schools, public buildings and roads in 2014/15.
The capital expenditure, which pays for permanent improvements such as new buildings and refurbishments, was agreed at today's Special Council meeting.
The meeting heard that a Corporate Asset Management Strategy is being developed which will help the Council to take a longer term view of priorities. It is anticipated that the new strategy will be closely aligned with ambitions and priorities expressed through our business improvement programme 'Making Clackmannanshire Better'.
The new investment agreed at today's meeting includes:
Phase Two of the Village and Small Town Centre Initiative was agreed with a sum of £400,000 every two years up to 2019/20 set aside. This programme of activity aims to provide funding to enhance the main streets in the town and village centres across the area with further improvements to Sauchie Main Street and the next phase of activity will prioritised for Tullibody, subject to the completion of more detailed programme of works. Officers have also been asked to draw up proposals for the subsequent phases which will focus on Tillicoultry, Clackmannan and Alva.
Community Development Grants are also to be established as part of 'Making Clackmannanshire Better', with a fund of £200,000 allocated. The funding aims to incentivise communities to work with the Council to improve the physical environment and community facilities.
£238,000 has been allocated to improvements in Tullibody and £200,000 to improve the Bowmar area of Alloa, including the creation of a new skate park.
The new investment agreed equates to £6.430 million over the six financial years between 2014/15 to 2019/20.
In addition, significant recurrent investments were agreed. These include:
In total, these recurrent investments account for £37.45million over the five year period to March 2020.
Council Leader Gary Womersley, said: "This capital programme is targeting some important areas including our communities, roads and schools. The majority of the programme is aligned with the priorities identified as part of Making Clackmannanshire Better, as part of our ongoing commitment, despite current financial challenges, to deliver for Clackmannanshire."