Decision details

Capital Strategy, Capital Programme and Prudential & Local Indicators 2020/23

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

1. That approval be given to the:-

Ø  Capital Programme as detailed in Appendix 2 of the report;

Ø  Schemes to be undertaken from the “block” budget allocations reported in paragraph 21 and detailed Appendix 4 to the report.

2. That it be recommended that the Council approve:-

Ø  the Capital Strategy as included at Appendix 1 to the report;

Ø  the overall Capital Programme in the sum of £368.72m for the period 2020/23, comprising £168.72m in respect of the General Capital Programme and £200m  for the Investment Fund, inclusive of the proposed £100m addition,

Ø  additional prudential borrowing of £6.92m to support revenue generating investment opportunities as detailed in Paragraph 11 of the report; and £100m to support the Asset Investment Strategy; and

Ø  the Prudential and Local Indicators as set out at Appendix 3 to the report.

Publication date: 04/03/2020

Date of decision: 19/02/2020

Decided at meeting: 19/02/2020 - Executive

Effective from: 12/03/2020

Accompanying Documents: