Council considered the recommendation of the Cabinet on a Capital Strategy for the period 2020 to 2025.
The 2020 Strategy is a refreshed and revised version of the first Capital Strategy adopted in 2019, taking account of activity in the last year, and reflecting the Council’s greater emphasis on the performance of the investment portfolio, refined and improved governance arrangements and the need to embed sustainability.
Resolved to approve the Capital Strategy for 2020-2025.
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.