Agenda item

Councillor I.T.E. Harvey

To consider the proposed Capital Strategy for 2020-2025 and make a recommendation to Council.

Cabinet considered the Capital Strategy for 2020/21.  The purpose of the Capital Strategy is to set out the Council’s future need to incur capital expenditure and explain the rationale, set out how we manage risk and ensure we have the appropriate skills and resources to manage the activity.

Resolved to recommend that Council approves the Capital Strategy 2020/21.

Reasons for decision:

It is a statutory requirement for every Council to have a Capital Strategy.  It is particularly important for this Council in view of our investment portfolio and significant level of development activities.