The Head of Financial Services has submitted a report to Cabinet on 09 February 2022 which presents the Capital Strategy 2022/23 – 2025/26 for approval.

The Cabinet decisions will be reported in the Briefing Note.

Councillor Ed Turner, Cabinet Member for Finance and Asset Management, will present the report and propose Cabinet’s recommendations.

Recommendation: Cabinet recommends subject to decisions taken at the Cabinet meeting on 09 February that Council resolves to approve the Capital Strategy 2022/23 – 2025/26.

Council considered the report of the Head of Financial Services, submitted to Cabinet on 09 February 2022, presenting the Capital Strategy 2022/23 – 2025/26 for approval.

Cllr Turner, Cabinet Member for Finance and Asset Management, presented the report and moved the recommendations, which were agreed on being seconded and put to the vote.

Council resolved to approve the Capital Strategy 2022/23 – 2025/26.

The Head of Financial Services has submitted a report which presents the Capital Strategy 2022/23 – 2025/26 for approval.

Cabinet is recommended to:

1.        Recommend that Council approves the Capital Strategy 2022/23 – 2025/26.

The Head of Financial Services had submitted a report which presented the Capital Strategy for approval.

Councillor Turner, Deputy Leader (Statutory) – Finance and Asset Management commented that production of a capital strategy was a requirement of the Constitution, and its contents linked to the budget.  Changes which had been made to the Strategy this year related to how schemes were selected and added to the Capital Programme.  Councillor Turner highlighted the importance of ensuring the delivery of the capital programme, as well as the challenges this involved.

Councillor Alex Hollingsworth, Cabinet Member for Planning and Housing Delivery, questioned whether the presentation of capital programme items in the quarterly monitoring report might be split, for slippage assessment purposes, between those which related to construction projects and those which were large cash transactions and the Head of Financial Services agreed to look at this. 

Cabinet resolved to:

1.     Recommend that Council approves the Capital Strategy attached at Appendix 1 to the report.