Decision details

The Committee:

1.    Recommended that the Capital Strategy as set out in the report (subject to various highlighted elements of the Strategy being completed), be approved by Council on 24 February 2022.

2.    Agreed that all development and investment projects, along with all significant projects, follow the previously approved business case governance process as set out in section 8 of the report.

3.    Agreed that financing sources, unless stipulated in regulations or necessary agreements, not be ring-fenced.

4.    Agreed that the council plan to continue its use of capital receipts to fund the revenue costs of eligible proposals (subject to a full business case for each project).

5.    Agreed the financing of the capital programme and revenue implications as set out in section 13 of the report.

6.    Agreed the financing of the capital programme being delegated to the Corporate Policy and Resources Committee to provide sufficient flexibility to allow for the most effective use of Council resources.