Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: October 13, 2025

Purpose: This report provides a financial update on the council’s capital programme and requests approval for budget variations to the capital programme.

Content:   That Cabinet noted the overall forecast of £280.7m for 2025/26 capital expenditure which is a net increase of £13.4m in comparison to the revised budget of £267.3m at 2024/25 outturn.   That Cabinet approved a total additional investment of £105.2m across the revised four year programme, including new additional borrowing, the details of this investment are set out in Appendix 1.   That Cabinet approved the updated four-year capital programme for 2025-2029 of £679.8m, as detailed in the report. This is a net increase of £105.2m in comparison to the forecast four-year programme as at outturn 2024/25 (£574.6m).