Decision details

To consider, and if agreed, to recommend to Council the Capital Strategy.

(a)  That the Capital Strategy of £165m be approved and Recommended to full Council on 19^th February 2015.

(b)  That it be noted that the notional costs of borrowing for the capital programme to the revenue budget will be an increase of up to £1.5m per annum commencing during the period of the capital strategy to fund borrowing and / or the reduction of investments of £23m.

(c)  That the principles underpinning the capital programme in paragraph 5.1.2 of the report and the Minimum Revenue Provision principles be approved.

(d)  That the appendices A to C detailing the capital programmes be approved (subject to these having approved Final Business Cases by the Capital Strategy Board).