Future use of Grantown on Spey Common Good Fund

Members of the Badenoch and Strathspey Area Committee have discussed the finances of the Grantown on Spey Common Fund and welcomed the potential future good uses it will be used for to benefit the people of Grantown on Spey.

Chair of the Badenoch and Strathspey Area Committee Cllr Russell Jones said: “The development of the Grantown on Spey Common Good Fund is a long-term commitment that Badenoch and Strathspey Councillors are laying down the foundations now for future generations to come.

“Members have welcomed the potential future uses of the Common Good Fund including examples such as: giving financial support to local charities and supporting community projects and community events.

“The creation of the Fund will however take time before it can use disbursed, and we hope that in future the income to the Grantown on Spey Common Good Fund collected now and over the years will enable the creation of specific budgets for events and festivals and community projects to benefit the local community.

“These ambitions to support the people of Grantown on Spey will take time to build the income streams Common Good Fund for future generations.”

Cllr Bill Lobban added: “We want to see the Grantown on Spey Common Good Fund grow in the future and benefit the local community. It’s important that people know that the Fund will be used exclusively for the benefit of the people of Grantown on Spey and not on Council projects.

Councillors noted a forecast 2024/25 year end position of the Common Good Fund revenue reserves of £910 and approved a proposed budget for 2025/26 with an anticipated income of £500 and year end revenue reserves of £1,410.

In time all future proposals that would benefit the Grantown on Spey area alone, would come to the Area Committee for local Members consideration.