Issue - meetings

To provide an update on the approved Capital Programme and identify new capital bids which are recommended to be added to the Programme.

Recommended to Council:

1.  That the new capital schemes with a total cost of £2,009,000, as shown in Annex 2 to the report, be added to the 2023/24 to 2025/26 Capital Programme.

2.  That the revised estimates and financing for the 2023/24 to 2025/26 Capital Programme, as shown in Annex 1 to the report, be approved.

Consideration was given to a report of the Finance and Resources Portfolio Holder which provided an update on the Capital Programme 2023/24 to 2025/26.

The update included a summary of progress of the existing 2023/24 Capital Programme and included forecast changes to its timescale and total cost.

Proposals for new capital schemes recommended to be added to the Capital Programme over the period 2023/24 to 2024/25 were also included. The total cost of new projects recommended for inclusion in the Capital Programme was £2.009M. After taking into account external funding and contributions from reserves, the net cost of these bids is £259,000.

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:

1.  That the new capital schemes with a total cost of £2,009,000, as shown in Annex 2 to the report, be added to the 2023/24 to 2025/26 Capital Programme.

2.  That the revised estimates and financing for the 2023/24 to 2025/26 Capital Programme, as shown in Annex 1 to the report, be approved.