Decision details

Cabinet was informed that a number of capital schemes required re-profiling of the budgets to more accurately reflect delivery expectations in the current financial year. In all cases the capital financing would not be adversely affected, with schemes either being funded by capital grants or through previously agreed prudential borrowing which woul now be moved back into later periods to match spends.

These schemes included the Disabled Facilities Grants, Housing Capital Works, elements of the Housing Delivery Programme and Economic Regeneration Projects (including Kimberley Means Business and UK Shared Prosperity Fund).

RESOLVED that the capital budget variations for 2024/25, as set out in the appendix to the report, be approved.

Reason

The variations would more accurately reflect delivery expectations in the current financial year.