Purpose

Update on the Five-Year Capital Programme and
Strategy Report 2026/27 -2030/31

Decision

Report title: Five Year Capital Programme
and Strategy Report 2026/27 - 2030/31
 
Presented by: Councillor Chris Wilkins,
Cabinet Member for Finance
 
Summary:
 
 
Cabinet:
 
1.        
Agreed to recommend to Council for consideration and
approval the 2026/27 Capital programme of £391m and
£1,050m over the full five-year period from 2026/27 to
2030/31.
 
2.        
Agreed to recommend to Council for consideration and
approval the new capital projects being added to the capital
programme for 2026/27 as set out in section 2.3 of this report.
 
3.        
Noted any additional capital needs over and above what is
specified in the capital programme for the relevant year will
require separate business cases and be agreed by the Strategic
Director of Resources (S151 Officer), Capital Strategy manager and
Council Members as required and appropriate before being agreed by
full Council.
 
4.        
Approved that the Strategic Director of Resources (S151
Officer) be authorised to allocate funding from the Capital
Contingency included within the draft Capital Programme.
 
5.        
Noted that externally funded schemes can be added to the
capital programme up to £500k as and when funding is
confirmed.
 
6.        
Approved the capital strategy contained within this report
noting its impact on both the capital programme and the financial
implications for setting the revenue budget for 2026/27 to
2030/31.
 
7.        
Approved the Minimum Revenue Provision Policy Statement
(section 9 of this report) which determines the amount of money set
aside each year for the repayment of debt
 
8.        
Agreed that the Strategic Director of Resources be
authorised to re-profile capital budgets mid-year based on the
updated forecasts provided by services and reported to the
Executive Leadership Team as part of the capital monitoring
process. This will assist in producing more accurate information
for treasury management purposes.