Purpose

Quarterly report

Content

This report set out the
recommended updates to the Council’s Capital Programme for
2025-26 to 2028-29, since the approval of the budget by Full
Council in February 2025. The Council’s Capital Programme for
2025/26 to 2028/29 was approved by Full Council in February 2025,
totalling £612.517m. Since then, there had been slippage of
£38.229m (20.8%) in the previous year, 24-25, which now
rolled forward into the 2025-26. New funding had been announced by
Government to be added to the Programme. Through the closing of the
accounts for 24-25, some projects had now completed with unspent
funding, to be removed from the programme. Services had reviewed
their profile of expected spend in 25-26 and had reprofiled the
programme to align it with their updated delivery plans. The
revised Capital Programme for 2025-26 to 2028-29 totalled
£672.231m.
 
RESOLVED that the recommended changes to the approved Capital
Programme be approved:
 
1.1
£38.229m carry forward of unspent budgets from 24/25 Capital
Programme set out in section 2 of the report.
 
1.2
£16.550m of additions to the Capital Programme, which were
funded from ringfenced grants and s.106 as set out in section 3 of
the report.
 
1.3
£0.215m of removals due to completion or expected underspend
as set out in section 4 of the report.
 
1.4
The revised £672.231m Capital Programme, with £25.322m
reprofiled from 2025/26 into future years as set out in section 5
of the report.
 
1.5
The release of funding of £5.832m relating to the projects
set out in section 6 of the report.