Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Akshaya Tritiya: Gold ETFs, funds or jewellery — Which option works best for you?
    • Should You Shift From Dividend To Growth In Mutual Funds? Here’s How To Make The Switch
    • ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips
    • Sukanya Samriddhi, provident fund, bank deposits, mutual funds: Compare investments for your child’s future
    • Lifestraw’s lightest water filter ever: Sip Essential survival straw
    • Slow FY26 for multi-cap funds – Business News
    • Lumpsum vs SIP: What mutual fund investment will make you more money? Here’s which to choose
    • 3 Dividend Aristocrat ETFs to Buy Before 2026 Markets Shift
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Ayrshire projects set for support using unused opencast mine funds
    Funds

    Ayrshire projects set for support using unused opencast mine funds

    December 2, 2025


    £2.2m in unspent opencast restoration funding set to go to Merlin Park development and recycling depots.

    Several East Ayrshire projects struggling with financial pressures are set to benefit from unused opencast mine restoration money.

    The developments – a new synthetic pitch at Merlin Park in Auchinleck, and the recycling depots at Western Road, Kilmarnock and Garlaff, near Cumnock, are to be boosted by more than £2.2 million.

    East Ayrshire Council cabinet will consider the proposals on Wednesday, December 3.

    ‘Intensifying pressures’ at Merlin Park and the Western Road projects are the main focus of the report.

    Garlaff, which was given an additional £700k earlier this year, is included as it is intrinsically linked to the Western Road work.

    The development at Merlin Park was expected to be around £1.4m, but a separate report on Wednesday will seek to increase the budget allocation.

    Another report will seek more funding for Western Road.

    However, the amounts requested not been revealed, with the additional report set to be heard in private.

    No figure is given for the Western Road allocation.

    The money comes from the final phase of the long-running Chalmerston opencast restoration programme, which has now been completed under budget.

    The restoration work—spanning several years and totalling around £33 million—had included £10 million of council capital funding.

    The completion of the Chalmerston complex has left a balance of £2,248,694, which officers say can now be repurposed to address “immediate financial pressures” on those key projects.

    Costs across all three have climbed significantly as a result of construction-sector conditions, supply pressures and inflation.

    Several capital schemes across the authority have required additional support since early summer, including Cultural Kilmarnock, Galston Library, Kilmaurs Primary School and St Sophia’s Primary School.

    The report notes that a full strategic review of the Council’s Capital Investment Programme is already underway, with the outcome due to be published in February 2026.

    However, officers warned that waiting until next year could jeopardise progress on the three projects currently under strain.

    Because the Chalmerston funding sits outside the active capital programme, officers believe it can be used without disrupting other planned investments.

    The money is described as a temporary buffer while a longer-term rebalancing of the capital portfolio is completed.

    The report indicates that the council will return to the broader investment strategy early in 2026, when it outlines how it intends to manage financial pressures across its full capital estate.`



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Balanced advantage funds ramp up equity exposure as valuations ease | Markets News

    April 15, 2026

    There Will Be Losers From the Rush Into Hedge Funds, BlackRock Says

    April 15, 2026

    Hedge Funds & Portable Alpha: Enhancing Portfolio Returns

    April 13, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    Akshaya Tritiya: Gold ETFs, funds or jewellery — Which option works best for you?

    April 17, 2026

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    Akshaya Tritiya: Gold ETFs, funds or jewellery — Which option works best for you?

    April 17, 2026

    Buying gold on Akshaya Tritiya is a long-followed tradition in India, but the way people…

    Should You Shift From Dividend To Growth In Mutual Funds? Here’s How To Make The Switch

    April 17, 2026

    ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips

    April 16, 2026

    Sukanya Samriddhi, provident fund, bank deposits, mutual funds: Compare investments for your child’s future

    April 16, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Vira Property Nigeria Ltd Launches To Redefine Real Estate Investment And Make Homeownership Accessible To Everyone

    October 18, 2025

    LifeStraw Sip: the 200 Best Inventions of 2024

    October 30, 2024

    How equity mutual funds have performed after the Budget?

    July 27, 2024
    Our Picks

    Akshaya Tritiya: Gold ETFs, funds or jewellery — Which option works best for you?

    April 17, 2026

    Should You Shift From Dividend To Growth In Mutual Funds? Here’s How To Make The Switch

    April 17, 2026

    ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips

    April 16, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹50 lakh retirement corpus: How to invest in SCSS, mutual funds, equities and other assets — CA offers tips

    April 16, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.