Issue - meetings

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

The Asset Management Plan Capital Programme report forms part of the Councils annual budget papers and sets out the budget requirement for capital works for future years.

The Asset Management Plan capital programme seeks to prioritise investment where required in the portfolio to ensure that we have the right property in the right place, ensure that assets are retained are fit for purpose, well maintained and support modern and efficient service delivery with minimal environmental impact.

The Cabinet is recommended to

(1) Give approval to the programme for 2023/24 and the financing thereof, and the Indicative AMP programme for up to 2027/28, as set out in the report;

(2) Give approval to the application of corporate resources to fund the AMP programme 2023/24 to 2027/28; with the application of funding types (capital receipts and borrowing) being delegated to the Deputy Chief Executive (S151 Officer) in conjunction with the Capital Board;

(3) Authorise the Director of Development & Regeneration to award construction contracts as required to deliver the works programme.

Officer Contact: James Kington on 07815 997564 or email: james.kington@stockport.gov.uk

The Cabinet Member for Finance & Resources (Councillor Malcolm Allan) submitted a report (copies of which had been circulated) detailing a proposed Asset Management Plan for 2023/24 setting out details of the capital programme for 2023/24 and the indicative programmes to be delivered through to 2027/28.

RESOLVED - (1) That approval be given to the programme for 2023/24 and the financing thereof, and the Indicative Asset Management Plan programme for up to 2027/28, as set out in the report.

(2) That approval be given to the application of corporate resources to fund the Asset Management Plan programme 2023/24 to 2027/28; with the application of funding types (capital receipts and borrowing) being delegated to the Deputy Chief Executive (S151 Officer) in conjunction with the Capital Board.

(3) That the Director of Development & Regeneration be authorised to award construction contracts as required to deliver the works programme.

To consider a report of the Director of Development & Regeneration.

The Asset Management Plan Capital Programme report forms part of the Councils annual budget papers and sets out the budget requirement for capital works for future years.

The Asset Management Plan capital programme seeks to prioritise investment where required in the portfolio to ensure that we have the right property in the right place, ensure that assets are retained are fit for purpose, well maintained and support modern and efficient service delivery with minimal environmental impact.

The Scrutiny Committee is recommended to comment on and note the report.

Officer Contact: James Kington on 07815 997564 or email:james.kington@stockport.gov.uk

A representative of the Director of Development and Regeneration submitted a report (copies of which had been circulated) of the Asset Management Plan Capital Programme which formed part of the council’s annual budget papers and set out the budget requirement for capital works for future years.

Cabinet Member for Finance and Resources, Councillor Malcolm Allan, attended the meeting to respond to questions from the Scrutiny Committee.

The following comments were made/ issues raised:

·         The Asset Management Plan Capital Programme sought to prioritise investment in the portfolio where required to ensure that the council had the right property in the right place, ensure that assets retained were fit for purpose, well maintained and supported modern and efficient service delivery with minimal environmental impact. Members noted that the capital programme was ambitious.

·         It was reported that, although green measures such as solar panels brought benefits, the high energy costs could not be underestimated.

·         Some planned work had been delayed when it is hoped there would be a higher degree of economic stability.

RESOLVED – That the report be noted.