Decision details

The Cabinet Member with the Resources Portfolio introduced the report (previously circulated) of the Executive Director of Resources and Governance requesting that consideration be given to the Council’s Capital Strategy 2025/26 (also previously circulated).

The submitted report stated that the revised Prudential Code for Capital Finance in Local Authorities 2024 required every Council to publish a Capital Strategy; it should be reviewed on an annual basis; and that in accordance with the regulations the Council published its first strategy in 2019/20.

RESOLVED – That the Capital Strategy for 2025/26, as appended to the submitted report, be endorsed, and forwarded to Council, for approval.

REASONS - (a)  To provide a framework for capital investments.

(b)  To ensure the Council adopts the Prudential Code for Capital Finance 2024.

(c)  To enable the Council to invest in its assets.