Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: August 18, 2025

Purpose:

Content: 10.1 The Finance Manager introduced the report which provided details of proposed changes to the existing Capital Programme as brought forward in Month 03 2025/26.   Members gave comments, asked questions and officer responses were provided.   It was suggested that the item in relation to the FHSF Events Central Building scheme be deferred for consideration at an extraordinary meeting so that more information could be provided to Members with regards to the proposed increase in costs. Members agreed to this course of action.      10.2 RESOLVED UNANIMOUSLY: That Finance and Performance Policy Committee:-   a)    approve all new schemes; except expenditure relating to feasibility works up to the value of £100,000 in accordance with the Financial Procedure Rules;  with the exception of the scheme in respect of Future Hight Streets Fund Events Central Building, which was deferred for consideration at an Extraordinary meeting to be held on 28th August 2025. b)    approval of a variation to an existing scheme which increases the value of the scheme by more than £100,000; and c)    acceptance and issue of capital grant funding (and where appropriate associated revenue grant funding) to enable capital scheme implementation     10.3 Reasons for Decision     10.3.1 The proposed changes to the Capital programme will improve the services to the people of Sheffield     10.3.2 To formally record changes to the Capital Programme and gain Member approval for changes in line with Financial Regulations and to reset the capital programme in line with latest information.     10.4 Alternatives Considered and Rejected     10.4.1 Several alternative courses of action are considered as part of the process undertaken by Officers before decisions are recommended to Members. The recommendations made to Members represent what Officers believe to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding is put within the Revenue Budget and the Capital Programme