The report sets out the case for changing the
method of calculating MRP for previously supported borrowing. The
proposal is arguably more prudent (on a whole life basis) than the
current approach and will save almost £9.5m in revenue
charges between 2015/16 and 2018/19.
Decision type: Non-key
Decision status: Recommendations Approved
Department: Corporate and Support Services
Contact: Andy Moran, Corporate and Support Services Email: andrew.moran@stockport.gov.uk Tel: 0161 474 4086.
Consultation process
The purpose of the report is to consult CRMG
prior to recommending a change to MRP policy. Changes to the MRP
policy must be approved by the Council Meeting.