To recommend to Council for approval the capital investment budget and capital strategy for

2019/20 onwards.

Appendix 3 provides details of the proposed additions to the existing capital programme that

have been identified and the impact of approving these additions.

In line with CIPFA requirements a capital strategy has been written to reflect future direction

for capital investment, the strategy is included at appendix 4 and in line with the guidelines

requires Council approval.

That: the following be recommended to Council

(a) the proposed capital programme from 2019/20 attached at appendix 3 be approved;

(b) cabinet be delegated authority to add the two deferred projects (Countywide Investment in B, C & U roads and Countywide Investment in Strategic Road Network) in appendix 1 as funding becomes available; and

(c) approve capital strategy document at appendix 4.

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 before a decision could be taken in accordance with budget and policy framework rules.

2. If delegated authority is not given to include the deferred projects then any future

requirements would need to be requested in the same way as new projects. They have been included to allow flexibility to utilise capital funding if it becomes available.

3. A capital strategy is required in accordance with statutory new guidance issued by

CIPFA, discretion on content of the strategy but we have applied the guidelines within the draft.