Issue - meetings

To consider a report of the Cabinet Member for Finance & Resources

The Cabinet Member for Finance & Resources (Councillor Malcolm Allan) submitted a report (copies of which had been circulated) detailing the 2023/24 Capital Strategy and Capital Programme has been set to support the delivery of outcomes and outputs associated with the priorities of the Council.

RESOLVED - (60 for) That approval be given to:-

·         The Capital Strategy at Appendix One;

·         The 2023/24 to 2025/26 Capital Programme and the funding arrangements as described in the report and set out at Appendix Two; and,

·         The prudential indicators supporting the 2023/24 Capital Programme set out in Appendix Three.

The names of those councillors voting on this resolution were recorded as follows:-

Those councillors who voted for the resolution were:-

The Deputy Mayor (Councillor Linda Holt); Councillors Shan Alexander, Malcolm Allan, Lou Ankers, Paul Ankers, Brian Bagnall, Grace Baynham, Kate Butler, Christine Carrigan, Anna Charles-Jones, Angie Clark, Laura Clingan, Stuart Corris, Liz Crix, Dickie Davies, Will Dawson, Roy Driver, Dean Fitzpatrick, Colin Foster, Helen Foster-Grime, Sue Glithero, Graham Greenhalgh, Steve Gribbon, Oliver Harrison, Louise Heywood, Keith Holloway, Ian Hunter, Mark Hunter, Mike Hurleston, Oliver Johnstone, Jilly Julian, Gary Lawson, Rory Leonard, Georgia Lynott, Colin MacAlister, Carole McCann, Tom McGee, Wendy Meikle, David Meller, Janet Mobbs, Tom Morrison, Amanda Peers, Ian Powney, Mark Roberts, Dena Ryness, David Sedgwick, Becky Senior, Vince Shaw, Frankie Singleton, Lisa Smart, Andy Sorton, Charlie Stewart, Catherine Stuart, John Taylor, Aron Thornley, Sue Thorpe, Wendy Wild, Elise Wilson, Suzanne Wyatt and Matt Wynne.

To consider a report of the Cabinet Member for Finance & Resources.

The report proposes the 2023/24 Capital Strategy and Capital Programme, which are written in accordance with the CIPFA Prudential Code.

The Capital Strategy provides a framework for the Council’s capital investment plans, ensuring effective planning, option appraisal, risk management, and governance processes.  It is a high-level overview of capital investment offering Members sufficient details to understand how stewardship, value for money, prudence, sustainability and affordability will be secured.

The report includes the 2023/24 to 2025/26 Capital Programme and sets out the prudential indicators, which demonstrate that the Council’s capital investment plans are affordable, prudent, and sustainable.  In addition, future plans in key areas of major capital investment have been included.

The Cabinet is recommended to ask the Council Meeting to approve:

(1) The Capital Strategy at Appendix one;

(2) The 2023/24 to 2025/26 Capital Programme and the funding arrangements as described in the report and set out at Appendix two; and,

(3) The prudential indicators set out in Appendix three.

Officer Contact: Paula McDonald on 0161 474 4708 or email: paula.mcdonald@stockport.gov.uk

The Cabinet Member for Finance & Resources (Councillor Malcolm Allan) submitted a report (copies of which had been circulated) detailing the draft 2023/24 Capital Strategy and Capital Programme, developed in accordance with the CIPFA Prudential Code, which provided a framework for the Council’s capital investment plans.

RESOLVED – That the Council Meeting be recommended to give approval to:-

(1) The Capital Strategy at Appendix one;

(2) The 2023/24 to 2025/26 Capital Programme and the funding arrangements as described in the report and set out at Appendix two; and,

(3) The prudential indicators set out in Appendix three.