Issue - meetings

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

The Cabinet Member for Finance & Resources (Councillor Jilly Julian) submitted a report (copies of which had been circulated) detailing the 2024/25 Capital Strategy and Capital Programme that had been set to support the delivery of outcomes and outputs associated with the priorities of the council.

RESOLVED – (61 for) That approval be given to:

(1) The Capital Strategy at Appendix One.

(2) The 2024/25 to 2026/27 Capital Programme and the funding arrangements as described in the report and set out at Appendix Two.

(3) The prudential indicators supporting the 2024/25 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 Mayor (Councillor Graham Greenhalgh); The Deputy Mayor (Councillor Kerry Waters); Councillors Geoff Abell, Shan Alexander, Jake Austin, Joe Barratt, Rosemary Barratt, Grace Baynham, Christine Carrigan, Anna Charles-Jones, Angie Clark, Laura Clingan, Liz Crix, Dickie Davies, Will Dawson, Dean Fitzpatrick, Colin Foster, Helen Foster-Grime, James Frizzell, Sue Glithero, Steve Gribbon, Yvonne Guariento, Dominic Hardwick, Helen Hibbert, Keith Holloway, Ian Hunter, Mark Hunter, Dallas Jones, Mark Jones, Jilly Julian, Gary Lawson, Colin MacAlister, Carole McCann, Holly McCormack, Jeremy Meal, Wendy Meikle, David Meller, Janet Mobbs, Tom Morrison, Ian Powney, Mark Roberts, Dena Ryness, David Sedgwick, Becky Senior, Will Sharp, Frankie Singleton, Lisa Smart, Charlie Stewart, Catherine Stuart, Leah Taylor, John Taylor, Aron Thornley, Sue Thorpe, Claire Vibert, Karl Wardlaw, Pete West, Wendy Wild, Rachel Wise, Suzanne Wyatt, Alex Wynne and Matt Wynne.

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

The report proposes the 2024/25 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 2024/25 to 2026/27 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 requested to recommend that the Council Meeting to approve:

(1) The Capital Strategy at Appendix one.

(2) The 2024/25 to 2026/27 Capital Programme and the funding arrangements as described in the report and set out at Appendix two.

(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 Jilly Julian) submitted a report (copies of which had been circulated) detailing the draft 2024/25 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 2024/25 to 2026/27 Capital Programme and the funding arrangements as described in the report and set out at Appendix two.

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