Decision details

Capital Budget 2023/24 to 2027/28

Decision Maker: Executive

Decision status: Decision Made

Is Key decision?: No

Is subject to call in?: No


Purpose of Report: To present the capital programme, including detailed scheme proposals. Members are asked to recommend the proposals to Full Council.


Recommended:  (i)      That Council agree the revised capital programme of £481.980m that reflects a net overall increase of £51.158m (as set out in table 2 at paragraph 18 of the report and in Annex A), key elements of which include:

a)   New schemes funded by prudential borrowing totalling £1.229m as set out in Table 3;

b)   Extension of prudential borrowing funded Rolling Programme schemes totalling £22.286m as set out in Table 4;

c)   Extension of externally funded Rolling Programme schemes totalling £8.998m as set out in Table 6;

d)   An increase in HRA funded schemes totalling £18.645m funded from a combination HRA balances/Right to Buy receipts as set out in Table 7.


(ii)      That Council note that the total increase in council borrowing as a result of new schemes being recommended for approval is £23.515m, the details of which are considered within this report and the financial strategy report.


(iii)     That Council approve the full restated programme totalling £481.980m covering financial years 2023/24 to 2027/28, as set out in table 11 and Annex B.


Reason:     In accordance with the statutory requirement to set a capital budget for the forthcoming financial year.

Report author: Emma Audrain (Technical finance)

Publication date: 10/02/2023

Date of decision: 09/02/2023

Decided at meeting: 09/02/2023 - Executive

Accompanying Documents:


Back to the top of the page