Council budget: Targeting support to make things fairer
How the Council uses capital funding
Capital funding is money that the government sets aside for big projects.
The government sets strict rules on how capital funding can be used.
It can't be spent on everyday services but can be used for things like:
- maintaining roads
- public buildings
- schools
- leisure facilities
- regeneration projects like new public buildings and social housing
The Council focuses capital investment on projects that support the borough's 20-year vision and future needs. This make sure that future generations have the necessary facilities.
We have successfully managed to get millions in external funding, including £20 million for Holborn Riverside and £20 million for Jarrow.
The borough has also been named a Community Regeneration Partnership area.