Issue - meetings

Councillor Max Schmid stated that this report reflected the capital activity over the year. The construction and capital projects had been affected by the negative impact of Brexit and the pandemic, consequently reducing the activity in some schemes. However, the EdCity and the Civic Campus schemes were still on track and progressing.

AGREED UNANIMOUSLY BY THE CABINET MEMBERS PRESENT:

1.    To note the net forecast decrease in 2021/22 capital expenditure of £12m (9.4% of the approved budget). The variations are detailed in Appendix 2.

2.    To approve the updated four-year capital programme 2021-2025 of £473.2m as detailed in Appendix 1.

3.    To note the potential risks regarding the Housing Capital Programme, as summarised in paragraphs 20-22.