Decision details

The Director of Resources submitted a report asking members to consider the future capital programme for this Committee, covering the period 2023/24 to 2027/28.

Members were reminded that the Council usually operates a five-year capital programme, but only a three-year capital programme for 2022/23 to 2024/25 was approved last year. This was due to the Council awaiting the outcome of the Government’s fair funding review.   Committees had however submitted capital scheme bids for 2025/26 to 2026/27 as part of last year’s capital programme review.

Existing approved schemes had been reviewed along with the previously submitted bids to ensure they reflect the latest inflation levels etc.  New bids had also been submitted for the fifth year of the programme ie 2027/28.

The report noted that:

·         The proposed amendments to the previously approved capital programme would increase the capital programme and associated capital funding required by £1,800.

·         If all reviewed bids from the 2021 bidding round and those from the 2022 bidding round were approved, this would increase the proposed capital programme by £2,688,200, £1,179,000 of this was expected to be funded by Central Government, so this would increase the capital funding required by £1,509,200.

·         If all amendments and bids were to be approved, this would result in a proposed capital programme for 2023/24 to 2027/28 for this Committee of seven schemes, totalling £3,644,700.

RESOLVED THAT COMMITTEE:

Agreed and proposed a future capital programme for this Committee’s services for the period 2023/24 to 2027/28 based on the proposals included in the report, for onward recommendation to Policy and Finance Committee.