Purpose

To consider and recommend
approval of the Capital and Investment Strategy 2025-26 to
2029-30.

Content

Decision:

1.    
Approved the new bids set out in
Appendix 2 for inclusion in the capital programme as indicated,
subject to Council approval.

2.    
Approved removing the Bright
Hill scheme on the HRA approved and provisional programmes as
previously reported to Councillors; and

3.    
Recommended (to Full Council
meeting on 7 February 2024)

(1)        
That the General Fund and HRA capital estimates, as
shown in appendices 3 to 12, as amended to include such bids as may
be approved by the Executive at its meeting on 25 January 2024, be
approved.

(2)        
That the Minimum Revenue Provision policy, referred
to in section 9 of this report, be approved.

(3)        
That the capital and investment strategy,
specifically the investment strategy and Prudential Indicators
contained within this report and Appendix 1, be
approved.

(4)        
That the updated flexible use of capital receipts
policy, as set out in Appendix 8, be approved.
Reason(s):
To enable Council, at its budget meeting on 7
February 2024, to approve the capital and investment strategy for
2024/25 to 2028/29, and the funding required for the new capital
schemes proposed.
Other options considered and rejected by the
Executive:
The alternative investment options set out in
paragraph 22 of the report.
Details of any conflict of interest declared by
the Leader or lead councillors and any dispensation
granted:
None.