Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: February 20, 2025

Purpose: Cabinet is recommended to approve the Council’s Capital Investment Strategy 2024/25 - 2034/35.

Content: Cabinet: (1)          agreed the Capital Investment Strategy 2024/25 – 2034/35, attached as Appendix 1 to the report. (2)          noted that the Strategy will be reviewed and refreshed annually and reported to Cabinet for approval, supporting its overall Budget setting process; (3)          agreed that no financing sources, unless stipulated in regulations or necessary agreements, are ringfenced; and (4)          noted that the financing of the capital programme is delegated to the Strategic Director of Resources to provide sufficient flexibility to allow for the most effective use of Council resources.    Options & Alternatives Considered This Capital Investment Strategy is a requirement of CIPFA’s Prudential Code, which supports the council’s strategic financial planning. As such, there is no alternative option to be considered. Officers recommend that this strategy is the best way of meeting these requirements. Failure to produce a robust Capital Investment Strategy could result in sub-optimal investment monitoring and outcomes for the council and the borough.