Content

The Cabinet considered a report of the Director of
Corporate Services and Chief Finance Officer which sought approval
for the 2025/26 Capital Investment and Disposal Strategy
(‘The Strategy’), set out in Appendix 1 of the report,
which outlined how the Council would meet the requirements of the
relevant legislation, codes of practice and guidance that form the
Prudential Framework, MHCLG Guidance on Local Authority
Investments, and Public Works Loan Board (PWLB) Lending
Terms.
 
The report author
was in attendance to present the
information and to address the questions and the comments of the
Cabinet Members.
 
Resolved:
1.   
That the annual Capital Investment and Disposal Strategy for
2025/26 be recommended to Council for approval with particular
reference to:

a)   
The objectives of the Strategy contained in section 2 and
Appendices;

b)   
The approach to and governance arrangements around property
investment/development contained in section 5;

c)   
The additional limit to borrowing detailed in section 6.1.2 of the
report;

d)   
The Council’s risk appetite and quantitative indicators set
out in section 6.3 of the Appendix;
2.   
That Members note the information of the Director of Corporate
Services/Chief Finance Officer in terms of the affordability and
risks associated with the Capital Investment and Disposal Strategy,
as set out in the report.
 
Reason for
decision:
The report
was produced to gain Cabinet
Members’ approval of the Capital Investment and Disposal
Strategy for submission to Full Council and to ensure that Cabinet
Members were informed of and ensure adherence to the requirements
of the Prudential Framework, MHCLG Guidance on Local Authority
Investments, and PWLB Lending Terms.
 
Alternatives
considered and rejected:
There were no feasible
alternatives – all proposals were in accordance with the
revised CIPFA Prudential Code, which had been
formally adopted by the Council and with Government guidance
regarding Local Authority Investments.