Purpose

This report provides a financial update on the
council’s capital programme and requests approval for budget
variations to the capital programme.

Decision

 

That Cabinet noted
the overall forecast of £280.7m for 2025/26 capital
expenditure which is a net increase of £13.4m in comparison
to the revised budget of £267.3m at 2024/25
outturn.

 

That Cabinet approved
a total additional investment of £105.2m across the revised
four year programme, including new
additional borrowing, the details of this investment are set out in
Appendix 1.

 

That Cabinet approved
the updated four-year capital programme for 2025-2029 of
£679.8m, as detailed in the report. This is a net increase of
£105.2m in comparison to the forecast four-year programme as
at outturn 2024/25 (£574.6m).