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.

The Executive Member for Finance and Investment and the Corporate Director of Finance and Systems submitted a report which highlighted the Council’s investment plans for the next three years, taking into account the estimated resources to be made available from Government as well as the Council’s own resources and consisting of the Capital Strategy, General Capital Programme, Asset Investment Strategy, Prudential and Local Indicators and Details of Block Budget Allocations.

            RESOLVED -

(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 Councilapprove:-

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.