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 £209.3m for 2026/27 capital expenditure which is a net decrease of £51.1m in comparison to the revised budget of £260.5m at 2025/26 outturn.

1. To approve the overall change in investment of £12.9m across the revised four year programme, including new additional borrowing. Details of this investment are set out in Appendix 1.

1. To approve the updated four-year capital programme for 2026-2030 of £532.1m, as detailed in the report. This is a net decrease of £12.9m in comparison to the forecast four-year programme as at outturn 2025/26 (£545m).