Purpose

To recommend to Council for approval the
revised capital investment budget and capital strategy for 2026/27
onwards.

Decision

That: Cabinet recommends the following to
Council
a) To approve the revised capital programme
for 2026/27 attached at appendix C;
b) Approve the capital strategy at appendix D;
and
c) Approve the Flexible Use of Capital
Receipts of up to £1.0 million in 2026/27, to support
transformation to generate ongoing revenue savings and reduce
service delivery costs in future years.

Alternative options considered

1.    
It is open to Cabinet to recommend alternative capital investment
options to Council. No alternative options have been brought
forward to date and suggestions would require review and
assessment, in line with those completed on the options presented
in this report. In addition, as an amendment to proposals put
forward by Cabinet, any amendment would either require the consent
of the Leader of the Council or further consideration by Cabinet,
and scrutiny, before a decision could be taken in accordance with
budget and policy framework rules.
 

2.    
A capital strategy is required in accordance with the statutory
guidance issued by Chartered Institute of Public Finance and
Accountancy (CIPFA), there is discretion on content of the strategy
but we have applied the guidelines within the draft.