To consider the report of the Finance Group Manager (enclosed).

RECOMMENDATIONS TO COUNCIL

1.    That the 5 Year Capital Programme for 2025/26 to 2029/30, set out at Appendix A of the report, be approved.

2.    That the application of capital resources of £1,422,512 for 2025/26, including a borrowing requirement of £680,012, be approved.

3.    That the Capital Strategy 2025/26 to 2029/30 be approved.

Reasons:

1.    To obtain approval for the proposed level of capital expenditure in 2025/26 and the suggested method of financing that expenditure.

2.    To provide a longer-term forecast of capital expenditure and financing requirements for the period 2025/26 to 2029/30.

3.    To ensure compliance with the Prudential Code.

Considered - Report of the Finance Group Manager.

Other Options Considered:

None. It is important to produce a 5-year Capital Programme as a minimum requirement of the Capital Strategy, and that the programme aligns with the Council’s Medium Term Financial Strategy.