Decision details

Capital Programme and Capital Strategy 2022/23 to 2026/27

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes




Recommend the following to Full Council:


1.1.          Agree the Council’s 2023/24 to 2026/27 General Fund Capital Programme which includes planned expenditure of £305.67m (including capitalisation directions) across the four years.


1.2.          Note that the Council will incur borrowing of £169.53m (including £162m of Capitalisation Direction) in 2022/23, with further borrowing projected of £45.82m in 2023/24 and £28.36m over the three years after 2023/24. The cost of this borrowing is factored into the Council’s Medium Term Financial plan resulting in 2023-24 total interest charge and Minimum Revenue Provision of £61.3m


1.3.          Approve the Council 2023/24 Housing Revenue Account Capital Programme with a total investment planned of £32.62m with borrowing of nil.


1.4.          Approve the Council’s Capital Strategy, drafted with the support of PwC, as detailed within Appendix A of this report.

Publication date: 06/03/2023

Date of decision: 22/02/2023

Decided at meeting: 22/02/2023 - Cabinet

Effective from: 03/03/2023

Accompanying Documents: