An increase in expected costs for Brechin’s Flood Prevention Scheme will need additional council funding, which has not been budgeted for.
An invitation to submit an application for funding from the Scottish Government has been received for the scheme, for the second round of the Scottish Government capital grant fund for large flood prevention projects.
Although it had previously been stated that a scheme would have to have received conformation before being considered these rulings have since been relaxed and it is anticipated that a decision on the confirmation will be made by Scottish Ministers in the summer.
The application for funding has required some changes to the expenditure of the scheme and an overall increase in projected costs.
This will mean that the expected costs will be increased from £14.2 million to £15.821 million if the scheme is delivered entirely in the 12 months of 2014/15, to £16.353 million if delivered over 21 months from July 2014 to March 2016.
For more on the scheme turn to page 3.