Decision details

To increase the Cheltenham Lido's car park income threshold from £491,066 to £589,279 and change the Retail Price Index increases to annually rather than every five years.

The Cheltenham Lido is undertaking substantial improvements to decarbonise the pool and buildings in line with the council's Carbon Neutral 2030 target. The works will cost £1,285,106 exclusive of VA with the Lido paying £975,106, and the rest being funded by the Swimming Pool Support Fund from the English Sports Council and Cheltenham Borough Council.

As part of the works, the Lido will be releasing an additional 24 parking spaces reserved for staff for public use, increasing the number parking spaces from 119 to 143. By doing so, the parking income will proportionately increase.

Under the terms of the Lido's lease granted on 03/02/2021, any parking income over £365,000 is to be shared with the council on a 50/50 basis. As per the lease, the threshold is reviewed every five years. A review on 31/10/2024 calculated the threshold to increase to £491,066./ The Lido has requested the threshold be increased by a further 20%, thus taking the revised threshold figure to £589,279, and the adjustment for RPI to take place annually rather than every five years.

The works to improve the car park will ensure that it meets the needs of the community in terms of safety, accessibility, and future sustainability projects. Increasing the threshold by an additional 20% ensures that any additional income generated because of the works funded by the Sport England Council grant continues to be used for the purposes for which the grant was intended.

None.