Purpose

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

Decision

1. To note the overall forecast of £220.8m for 2025/26 capital expenditure which is a net decrease of £45m in comparison to the revised budget of £265.3m at Q2 2025/26.

1. To approve a total additional investment of £3.7m across the revised four-year programme, including new additional borrowing, the details of this investment are set out in Appendix 1.

1. To approve the updated four-year capital programme for 2025-2029 of £657.776m, as detailed in the report. This is a net increase of £3.7m in comparison to the forecast four-year programme as at Q2 2025/26 (£654.026m).