Decision

1. 1

The Committee considered a report which set out a broad package of investment in Sheffield’s transport network, neighbourhoods and environment. The report detailed how the investments are designed to make homes and public spaces safer, provide more local education and childcare places, and improve access to facilities that support residents’ health, learning and wellbeing.

1. 2

RESOLVED UNANIMOUSLY: That the Finance and Performance Policy Committee:-

a)    Approve the proposed additions and variations to the Capital Programme listed in Appendix 1.

b)    Approve the proposed addition to the capital programme listed at appendix 2 subject to a formal grant offer from South Yorkshire Mayoral Combined Authority.

c)    Approve the acceptance of external grant funding as identified in Appendix 3

1. 3

Reasons for Decision

1. 3.1

The proposed changes to the Capital programme would improve the services to the people of Sheffield

1. 3.2

To formally record changes to the Capital Programme and gain Member approval for changes in line with Financial Regulations and to reset the capital programme in line with latest information.

1. 4

Alternatives Considered and Rejected

1. 4.1

Several alternative courses of action are considered as part of the process undertaken by Officers before decisions are recommended to Members. The recommendations made to Members represent what Officers believe to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding is put within the Revenue Budget and the Capital Programme.