The money held for LLRA by the County Council is secure, and dedicated to our use. It cannot be spent elsewhere for many years to come, and the capital sum is earning interest every year.
There are restrictions on how we can use it – and it should be remembered that it was provided at the outset as the demolition of the education building and the sale of the site to Tanglewood deprived LLRA of a meeting place, where we could hold meetings and host events.
We hope at the AGM to be able to discuss this further, and offer suggestions for how we move forward. But we want to be absolutely sure that it is spent in a way that will provide lasting and memorable benefit to the community – it would be easy to spend it on a number of relatively minor works that will need renewing, but we’re looking at, and talking about, options that would give the community a lasting benefit.