Decision details

Purpose of Report: To present the capital programme, including detailed scheme proposals.

Members will be asked: To recommend the proposals to full Council

Recommended:

                      i.         That Council agree to the revised capital programme of £395.186m that reflects a net overall increase of £56.409m (as set out in table 2 and in Annex A). Key elements of this include:

a)   New schemes funded by prudential borrowing totalling £3.353m as set out in table 3;

b)   Extension of prudential borrowing funded Rolling Programme schemes totalling £25.025m as set out in table 4;

c)   Extension of externally funded Rolling Programme schemes totalling £6.030m as set out in table 5;

d)   New schemes funded by external grants totalling £3.844m as set out in table 5;

e)   An increase in HRA funded schemes totalling £18.157m funded from a combination HRA balances/capital receipts as set out in table 6;

                     ii.         That Council note the total increase in Council borrowing as a result of new schemes being recommended for approval is £28.378m the details of which are considered within this report and the financial strategy report;

                    iii.        That Council approve the full restated programme as summarised in Annex B totalling £395.186m covering financial years 2024/25 to 2028/29 as set out in table 12 and Annex B.

Reason:     To ensure the Council finances its captial programme.