Decision details

Capital Programme Monitor and Budget Variations 2025/26 (Quarter 1)

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report provides a financial update on the council’s capital programme and requests approval for budget variations to the capital programme.

Decision:

 

  1. That Cabinet noted the overall forecast of £280.7m for 2025/26 capital expenditure which is a net increase of £13.4m in comparison to the revised budget of £267.3m at 2024/25 outturn.

 

  1. That Cabinet approved a total additional investment of £105.2m across the revised four year programme, including new additional borrowing, the details of this investment are set out in Appendix 1.

 

  1. That Cabinet approved the updated four-year capital programme for 2025-2029 of £679.8m, as detailed in the report. This is a net increase of £105.2m in comparison to the forecast four-year programme as at outturn 2024/25 (£574.6m).

 

Report author: Andre Mark

Publication date: 14/10/2025

Date of decision: 13/10/2025

Decided at meeting: 13/10/2025 - Cabinet

Effective from: 18/10/2025

Accompanying Documents: