Issue - meetings

Finance and Resources

To consider the Capital Strategy 2023/24 to 2028/29.

Recommended to Council:

That the Capital Strategy 2023/24 to 2028/29 be approved.

Consideration was given to a report of the Finance and Resources Portfolio Holder which set out the framework within which all Council capital expenditure was approved, monitored and financed.

The report provided an update of the existing Capital Strategy and included forecast changes to its timescale and total cost.

The approval of a Capital Strategy was an annual requirement under the revised CIPFA Prudential Code 2021. The Code requires that councils have in place a strategy that set out the long term context in which capital expenditure and investment decisions are made, giving due consideration to both risk and reward and the impact resulting from those decisions.

Having considered the options and for the reasons set out in the report, the recommendations were proposed by Councillor Flood, seconded by Councillor P North and Cabinet agreed to the following:

Recommended to Council:

That the Capital Strategy 2023/24 to 2028/29 be approved.