The post you are reporting:
I am writing in respect of your enquiry for information held by this Authority received on 19 February 2014 and to confirm that we have completed the search for the information that you requested. You were seeking a detailed breakdown of total expenditure on the DTIZ project from July 2002 to date.
The total cost of the DTIZ project for the period from 2002/03 to 2012/13 is £8,484,585, of which the largest element is the cost of land and building purchase.
In order to be successful, a project of this type requires comprehensive site assembly. At the outset of the project the DTIZ site was fragmented, with a high number of separate property and commercial interests, and this made site assembly extremely complex.
Through opportunity and negotiated acquisitions, Dover District Council now owns the majority freehold interest of the site, comprising circa 2.98 hectares.
The bulk of the project costs have been met by central government and its agencies. The cost of the project to DDC has been £2,229,921, which is approximately one quarter of the total cost. In addition the developer has made a substantial investment in their own right.
Analysis
Expenditure 2002/03 to 2012/13
£
%
EXPENDITURE
LAND & BUILDING PURCHASE
6,133,210
72%
LAND REGISTRY FEES
1,479
0%
EXTERNAL LEGAL SUPPORT FEES
633,838
8%
REGENERATION STRATEGY AND DEVELOPMENT ADVICE
361,267
4%
MASTER PLANNING AND URBAN DESIGN INCLUDING PUBLIC REALM STRATEGY
95,346
1%
VAT ADVICE
12,850
0%
FEES, VALUATIONS, LAND REFERENCING AND OTHER ADVICE
72,530
1%
CONTRACTOR COSTS
118,995
1%
STAFF SALARY COSTS
261,141
3%
DIVISIONAL OVERHEADS
141,531
2%
INTERNAL SUPPORT
600,051
7%
OTHER COSTS
52,347
1%
TOTAL COSTS
8,484,585
100%
FUNDING
GOVERNMENT / SEEDA / HCA FUNDING (1)
6,213,677
73.2%
OTHER FUNDING
40,987
0.5%
SUB TOTAL
6,254,664
NET COST FUNDED BY DDC (2)
2,229,921
26.3%
