Issue - meetings

Background:

This report introduced the Capital Strategy, which set out the Council’s priorities for capital investment to deliver its strategic aims and the process for formulating the capital programme. The report also presented opportunities for future funding and the capital investment required to deliver the Council’s aims, as laid out in the Council Strategy.

The report explained that the Capital Strategy had been formulated with regard to CIPFA’s Prudential Code and should be viewed in conjunction with the Council’s Medium Term Financial Strategy and the Council Plan, in order to integrate budget setting with service planning and ensure that priorities and funding were matched.

Reasons:

The Capital Strategy sets out how the Council sets its priorities for capital investment and the process for formulating the capital programme, and is therefore an important part of the framework underpinning the budget setting process.