Mr Nicholson said it could be next February before a decision on Peace IV funding is known as it may take until then for European leaders to finalise the budget.

BBC: MEP says UK government putting Peace IV money at risk

Sheffield councillors have until 4 March to finalise the city's budget for the coming financial year.

BBC: Don Valley Stadium

But a spokesman said the DCLG had still to finalise the details of how this money was to be "re-prioritised" from within its budget.

BBC: Local homes pledge 'is unlawful'