To recommend to Council for approval the revised capital investment budget and capital strategy for 2024/25 onwards.

That: Cabinet recommends the following to Council

I. To approve the revised capital programme for 2024/25 attached at appendix C; and

II. Approve the capital strategy at appendix D.

1. It is open to Cabinet to recommend alternative capital investment options to Council. No alternative options have been brought forward to date and suggestions would require review and assessment, in line with those completed on the options presented in this report. In addition, as an amendment to proposals put forward by Cabinet, any amendment would either require the consent of the Leader of the Council or further consideration by Cabinet, and scrutiny, before a decision could be taken in accordance with budget and policy framework rules.

2. A capital strategy is required in accordance with the statutory guidance issued by Chartered Institute of Public Finance and Accountancy (CIPFA), there is discretion on content of the strategy but we have applied the guidelines within the draft.