Issue - meetings

RECOMMENDED      That:

1)         Council approve the amendments to capital schemes and resources for the 2023-2028 capital programme as detailed in the report.

2)         Council approve new capital bids as set out in section 5 table 6, to be funded from available capital resources and included in the capital programme 2023-2028 as detailed in the report.

Reason for Decision

To report amendments, rephasing and resources to the 2023-2028 Capital Programme.

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The Assistant Director Resources presented the report which:

·       revised the 2023/2024 projections for spending on the capital programme

·       set out an estimate of capital resources that will be available for 2023-2028

·       detailed new capital bids that were recommended to be included in the capital

·       programme for the period 2023-2028

·       outlined provisional figures for capital expenditure for the period 2023-2028

The Assistant Director informed Cabinet that the Capital programme recommendation on the Lynnsport 1 Scheme considered by cabinet at its meeting on 6 February would now be incorporated into this report going forward to Council for consideration in order that the full programme was considered together at the meeting.

Councillor Morley drew attention to the bottom line of £170m of planned investment into the Borough which was a meaningful investment.

In concluding the item the Chair encouraged accurate figures to be reported on for the budget figures.  He reminded all that the Joint Panels meeting had supported the recommendations.

RECOMMENDED       That:

1)          Council approve the amendments to capital schemes and resources for the 2023-2028 capital programme as detailed in the report.

2)          Council approve new capital bids as set out in section 5 table 6, to be funded from available capital resources and included in the capital programme 2023-2028 as detailed in the report.

Reason for Decision

To report amendments, rephasing and resources to the 2023-2028 Capital Programme.