Issue - meetings

RECOMMENDED:      That the Capital Strategy 2025/2026, as attached to the report, be approved.

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Councillor Morley presented the Capital Strategy which outlined the principles and framework that shaped the Council’s capital decisions. The principal aim was to deliver a programme of capital investment that contributed to the achievement of the Council’s priorities and objectives as set out in the Corporate Plan.

It was noted that the Capital Strategy would be updated annually and would be put before Cabinet alongside the Treasury Management Strategy so that it could be approved before the year to which it related began.

The Strategy defined at the highest level how the capital programme was to be formulated; it identified the issues and options that influenced capital spending and set out how the resources and capital programme would be managed.

Members attention was drawn to the addition staffing in the Projects team which would ensure the delivery of information to the Member Major Project Board.  The delegations in place to draw down funding for the West Norfolk Property  and Housing Companies in order to provide funds for planned projects in order to deliver housing in the borough was noted.

Congratulations were passed to the team for the work to deliver all aspects associated with the report and delivery of services.

The Meeting of the Joint Panels had supported the recommendations.

RECOMMENDED:     That the Capital Strategy 2025/2026, as attached to the report, be approved.