Purpose

That Cabinet: 

1.     Approves net changes of £67.181m for individual projects as part of the 2023/24 GF capital budget.  

2.     Approves re-profiling of £36.875m for individual projects as part of the 2023/24 HRA capital budget.  

3.     Approves the Place Shaping Virement of £3.064m.  

Decision

Cabinet approved the following recommendations:

·       Approved net changes of £67.181m for individual projects as part of the 2023/24 GF capital budget

·       Approved re-profiling of £36.875m for individual projects as part of the 2023/24 HRA capital budget.

·       Approved the Place Shaping Virement of £3.064m.

Reasons for decision

This report requests approval for changes to the profiles and/or budgets of several capital schemes have been identified as likely to have changed delivery profiles and thus led to in year variances to budget, as well as others that have reported as either likely to under or overspend.