Issue - meetings

To consider a report of the Deputy Leader of the Council and Cabinet Member for Resources, Commissioning & Governance.

The Deputy Leader of the Council and Cabinet Member for Resources, Commissioning & Governance (Councillor Tom McGee) submitted a report (copies of which had been circulated) detailing the 2021/22 Capital Strategy and Capital Programme has been set to support the delivery of outcomes and outputs associated with the priorities of the Council.

RESOLVED – (62 for) That approval be given to:-

·         The Capital Strategy at Appendix One;

·         The 2021/22 to 2023/24 Capital Programme and the funding arrangements as described in the report and set out at Appendix Two; and,

·         The prudential indicators 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 Dean Fitzpatrick) in the chair; Deputy Mayor (Councillor Chris Gordon); Councillors Malcolm Allan, Lou Ankers, Paul Ankers, Brian Bagnall, Sheila Bailey, Grace Baynham, Laura Booth, Kate Butler, Anna Charles-Jones, Angie Clark, Laura Clingan, Christine Corris, Stuart Corris, Becky Crawford, Dickie Davies, Will Dawson, Tom Dowse, Roy Driver, Colin Foster, Helen Foster-Grime, Charles Gibson, Graham Greenhalgh, Steve Gribbon, Yvonne Guariento, Philip Harding, Keith Holloway, Linda Holt, Mark Hunter, Mike Hurleston, Colin MacAlister, Carole McCann, John McGahan, Tom McGee, Wendy Meikle, David Meller, Janet Mobbs, Adrian Nottingham, John Pantall, Amanda Peers, Iain Roberts, Mark Roberts, Dena Ryness, David Sedgwick, Becky Senior, Lisa Smart, Andy Sorton, Charlie Stewart, John Taylor, Aron Thornley, Alanna Vine, Lisa Walker, Kerry Waters, Mark Weldon, Jude Wells, Wendy Wild, David Wilson, Elise Wilson, John Wright, Suzanne Wyatt and Matt Wynne.

To consider a report of the Cabinet Member for Resources, Commissioning & Governance.

The report proposes the 2021/22 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 2021/22 to 2023/24 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.

Cabinet is recommended to ask the Council Meeting to approve:

·         The Capital Strategy at Appendix one;

·         The 2021/22 to 2023/24 Capital Programme and the funding arrangements as described in the report and set out at Appendix two; and,

·         The prudential indicators set out in Appendix three.

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

The Deputy Leader of the Council and Cabinet Member for Resources, Commissioning and Governance submitted a report (copies of which had been circulated) inviting the Cabinet to consider its proposed 2021/22 Capital Strategy and Capital Programme that aimed to provide a framework for the Council’s capital investment plans, ensuring effective planning, option appraisal, risk management, and governance processes.

The report included the 2021/22 to 2023/24 Capital Programme and set out the prudential indicators, which demonstrated that the Council’s capital investment plans are affordable, prudent, and sustainable.  In addition, future plans in key areas of major capital investment had been included.

It was reported that the impact of the Covid-19 pandemic had meant there had been a consequent impact on the progress against the Capital Programme, however the outstanding balance had been repurposed for the forthcoming year.

RESOLVED – That in relation to the Capital Strategy and Capital Programme 2021/22, the Council Meeting be recommended to approve:-

·         The Capital Strategy at Appendix one;

·         The 2021/22 to 2023/24 Capital Programme and the funding arrangements as described in the report and set out at Appendix two; and,

·         The prudential indicators set out in Appendix three.