Purpose

This report presents the Council’s
four-year Capital Programme

Decision

1.   
To approve the four-year General Fund Capital Programme budget at
£143.6m for the period 2024/25-2027/28 (presented in Table 2
and Appendix 1).
 
2.   
To approve the continuation of rolling programmes for 2024/25
funded from the Council’s mainstream resources. For financial
modelling purposes, these programmes are assumed to continue at the
same level until 2027/28:
 

 

£m

Corporate Planned
Maintenance

2.400

Footways and
Carriageways

2.030

Column Replacement

0.346

Total

4.776

 
3.   
To delegate approval of the detailed programmes for use of the
rolling programmes, in recommendation 2, to the relevant SLT
Director in consultation with the Strategic Director of Finance and
relevant Lead Cabinet Member.
 
4.   
To approve the four-year Housing (HRA) Capital Programme at
£432.9m for the period 2024/25-2027/28 as set out in Table 6
and Appendix 1.
 
5.   
To delegate authority to the Strategic Director of Finance in
consultation with the Cabinet Member for Finance and Reform to
approve the potential use of up to £3.6m of capital receipts
under the Government’s Flexible Use of Capital Receipts
provisions for funding of Invest to Save schemes in 2024/25 (as
identified in Appendix 2) and potential match-funding
opportunities.
 
6.   
To approve the Capital Strategy 2024/25, as set out in the
report.
 
7.   
To approve the annual Minimum Revenue Provision policy statement
for 2024/25, as set out in Appendix 3.