Decision details

(a)  That the capital strategy of £235m and the Minimum Revenue Provision be approved and Recommended to full Council.

(b)  That it be noted that the notional costs of borrowing for the capital programme to the revenue budget would increase by up to £2.5m per annum commencing during the period of the capital strategy to fund borrowing and / or the reduction of investments of £40m.

(c)  That the principles underpinning the capital programme in paragraph 5.1.2 and 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).