The funding is for delivery of new infrastructure at Osney Mead to enable the first phases of redevelopment of the Osney Mead Innovation Quarter to take place in line with the emerging Local Plan. This decision ensures the funding is secured following an urgent deadline given by Homes England to finalise contracting. They have stated that all outstanding funding awards must be contracted ahead of October 31^st to avoid the risk of funds being withdrawn. It should be noted that £4.35m is the last piece of funding secured for the Oxford Flood Alleviation Scheme. The remaining £1.738m funds pedestrian and cycle routes linking Botley, Hinksey, Osney Mead and Oxpens alongside a wider pool of funds.