A funding gap is being filled for the long-awaited, multimillion pound revamp of Rotherham markets.
Rothbiz reported last year on how plans for the Rotherham markets and central library scheme were approved but the development had been delayed as the authority carried out a review of funding options.
The delayed scheme was been given a revised total cost of £31.7m, up from previous estimates of £22m, largely due to the impact of inflation on the project delivery costs.
Rotherham Council secured funding from the Government’s Future High Street Fund to part finance the improvements but forecast a funding gap of £9.8m following an update of the cost plan.
£5m was identified from the South Yorkshire Mayoral Combined Authority’s (SYMCA’s) “Gainshare” funding pot. The council is also proposing to move an allocation of libraries relocation budget of £2.9m that was earmarked for the…
