Purpose

Quarterly report

Content

The Council’s
Capital Programme for 2024/25 to 2027/28 was approved by Full
Council in February 2024 as £666.264m. The report set out the
recommended changes which would result in the Capital Programme
increasing to £674.977m as follows:-
 
• Additions of
£12.495m for new projects of which £8.913m were
externally funded from grants and s.106, and £3.582m is
funded from ringfenced council reserves.
• Reductions of
£2.057m, where external funding has been reviewed.
• A reprofile of
the programme to align with current project delivery plans,
including £67.262m is recommended to be reprofiled from
2024-25 to future years.
 
RESOLVED –
 

That the recommended changes to the approved Capital
Programme be approved as follows:

(1)              
£12.495m of additions to the Capital
Programme, of which £8.913m are externally funded from grants
and S.106, and £3.582m funded from ringfenced Council
reserves.

(2)              
£2.057m of budget reductions from the
capital programme, mainly to reflect changes in external funding
availability.

(3)              
The reprofile of the revised £674.977m
Capital Programme, including £67.262m to be reprofiled into
future years.

(4)              
The release of funding of £6.747m relating
to the projects set out in Section 5.