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Ryde’s £20 Million Fund Sparks Debate Over Board Accountability
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Isle Of Wight Radio
Ryde regeneration funding worth £20 million could start becoming available in April next year but decisions still need to be made on what to spend it on.
Addressing a well attended forum hosted by the Ryde Society at the Royal Esplanade Hotel, Ryde Neighbourhood Board chair Steven Holbrook gave an update on the ten-year government investment.
Mr Holbrook told the audience the £20 million has its origins in the previous Conservative government’s Levelling Up Fund.
"It's not £20 million up front, it’s £20 million over a ten-year period – so it’s roughly £2 million a year.
Stella Davis, of the Ryde Society, said:“Is there any system of review for members of the board?
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