Purpose

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

Decision

RESOLVED
 

That Cabinet noted the overall
forecast of £270.9m for 2025/26 capital expenditure which is
a net decrease of 9.8m in comparison to the revised budget of
£280.731m at Q1 2025/26.

 

That Cabinet approved a total
additional investment of £34.5m (of which £33m is s106
funded) 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 £714.325m, as
detailed in the report. This is a net increase of £34.5m in
comparison to the forecast four-year programme as at Q1 2025/26
(£679.9m).