Decision details

The Deputy Chief Executive and Director of Finance and Digital Services provided Cabinet with a proposed three-year capital programme for 2023/24 to 2025/26 that if acceptable, will be presented to Council for approval.

The Cabinet Member for Climate Change and Corporate Services took the opportunity to thank the Director for the report and was pleased to note that, despite the challenging financial circumstances, the Capital Programme continued to achieve one of the largest level of capital investment by a Local Authority in Wales. The Cabinet Member stated that the investments support the delivery of visible differences to communities and improve communities across RCT as a result.

The Deputy Leader echoed the Cabinet Member’s comments and was pleased to note the ambitious programme of investment, despite the current financial climate.

The Cabinet RESOLVED:

1.    To review and propose the attached three-year capital programme to Council on 8^th March 2023 which includes:

·       A proposed allocation of new resources as detailed in paragraph 5 of the report;

·       Proposed investment priorities as detailed in paragraph 6.2 of the report;

·       The Council’s core capital programme; and

·       The Council’s total capital programme including additional non core funding.

2.    To authorise the Deputy Chief Executive & Group Director – Finance, Digital & Frontline Services to amend the level of Council Resources required to fund the Core Three Year Capital Programme as shown at Appendix 2 as a consequence of any change to the Council’s capital resource levels announced in the Final Local Government Settlement.