Councillors have agreed that a share of £8m one-off funding announced to help vulnerable people in Norfolk should be targeted to help protect older people.

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Norfolk County Council’s controlling cabinet announced on Monday that the extra £8m would be available, created partly from a government grant awarded because the authority is freezing its share of the council tax and partly through money recovered from Icelandic banks.

Various council committees and panels now have to meet to agree what the money should be spent on, but the controlling cabinet has offered a “strong view” of where the money should be used, including:

Investing more in prevention services for vulnerable older people.

Supporting vulnerable children and families.

School improvement work.

Investing in “critical highways improvement schemes” to support communities and businesses.

Investing in schemes and projects which make a “day to day difference” to communities – such as community construction projects, activities for young people and parish highways schemes.

At a meeting of the council’s community services overview and scrutiny panel yesterday, it was agreed that some of the cash should be used to invest in prevention services – to protect people aged 75 and over.

The exact detail of how the money will be spent and how much adult social services will receive has yet to be decided.

Harry Humphrey, cabinet member for finance, said: “Clearly, we could choose to put that funding into reserves, but I firmly believe we should use it on priority areas such as caring for our older residents, supporting children, families and young people and investing in our community infrastructure, which also helps the Norfolk economy by giving work to our construction industry.”

Further details of the county council’s budget for 2013-14 will emerge at the cabinet meeting on Monday, January 28, with councillors due to agree the budget at a full meeting of the council on Monday, February 18.

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