Prosperity Cabinet Member – Minutes – 22 July 2019

1 (1) CAPITAL PROGRAMME 2019-22 UPDATE – The Director: Governance and Partnerships submitted a report seeking approval of the Capital Programme 2019-22 following an initial review and consideration of assessed business cases.

The Council approved the Capital Investment Strategy 2019-22 at its meeting in February. The strategy set out the Council’s approach to borrowing and investment to reflect local circumstances and priorities. The core elements of capital investment were: invest to save; invest in outcomes and invest for return.

The Council’s legacy programme was confirmed, setting out the revised programme for 2018-19 and schemes planned for 2019-22. This had been reviewed to reflect the year-end position and initial assessment of the approved budgets for 2019-20.

The Capital Investment Strategy outlined the need for effective prioritisation of capital resources and identifies the process for allocating resource through a business case process. The business case process was responsive to business need and was used for both internal and external resources.

Resolved – (a) That the end of year position for the capital programme 2018-19, as set out in Appendix 1 to the report, be noted; (b) that the revised capital programme 2019-22, as set out in Appendix 2 to the report, be approved; (c) that the highways programme of works over the next 18 months and budget for 2019-20, as set out in Appendix 3 to the report, be approved, and (d) that the prioritisation of the business case assessments be reported to the Cabinet Member in a future report.