Plea for surplus cash to be invested in ‘cultural fund’

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A CULTURAL Investment Fund should be created to invest in Sheffield’s cultural and leisure facilities using £10 million of surplus cash from the city’s capital budget, opposition councillors have urged.

Sheffield Council is due to underspend on programmed building work by £37 million over the current financial year.

Most of the money remains earmarked for projects which have been delayed, about £10 million is accounted for by ‘incorrect budget profiling’ and underspending.

Lib Dems say projects which could be funded with the cash include: repairs at Millennium and Graves Art Galleries; investment at Stocksbridge Leisure Centre or Don Valley Stadium, which could help keep the facilities open; works to Walkley and Broomhill libraries, including disabled access; investment at historic Millhouses Mill; and improvements to local sports pitches and pavilions.

Coun Joe Otten, Lib Dem spokesman for culture, sport and leisure, said: “There are projects crying for investment.”