The York Council courted controversy in 2012 when announcing that it was setting up a £28 million Economic Infrastructure Fund (EIF)
The controversy centred on the Labour leadership’s decision to add around £20 million to the Council debts by borrowing much of the fund (the rest was to come from the governments “new homes bonus” deal).
Now a report has been published on the Councils “equalities” plan which shows a somewhat cavalier approach to history and consistency.
We are now assured that the £28 million has actually been invested in an “Economic Inclusion Fund (EIF)” !!
The fund is actually being used to pay for projects such as:
- Refurbishment of Kings Square
- Acquisition of an “Arts Barge”
- Tour de France start
- Newgate market refurbishment
- New City centre bus stops
- Holgate Road bridge into the York central site (“bridge to nowhere”)
- Paving a small section of Fossgate
- Paving the entrance to Hungate
Very little of this expenditure has contributed to a reduction in “inequalities” in the City.
When the Council comes to discuss the plan, no doubt someone will point out that the Equalities plan is already over 12 months behind scheduled.
Inventing links to existing – borderline reckless – capital expenditure decisions is disingenuous in the extreme.