Decision details

The Cabinet considered the report of the Strategic Director – Place which provided details of a Capital Allocation Framework and Capital Strategy, including a prioritisation model for the single capital pot, to enable the determination of the Council’s Capital Investment Plan for 2013-14 onwards.

This was a Key Decision and was included in the Council’s Forward Plan of Key Decisions.

Decision Made:

That the Council be recommended to:

(1)       approve the Capital Allocations Framework for the management of the Council’s Capital Investment for 2013–14 onwards, as detailed in Appendix A of the report;

(2)       approve the Capital Strategy and the Single Capital Pot prioritisation scoring model for the determination of the Council’s Capital Investment Plan for 2013–14 onwards, as detailed in Appendix C of the report;

(3)       approve the Capital Strategy Governance Structure for the management of the Council’s Capital Investment for 2013-14 onwards, as detailed in Appendix B of the report; and

(4)       note that following a review to be undertaken, a further report would be presented in relation to the Strategic Asset Management Plan.

Reasons for the Decision:

To agree a single Capital allocation framework and governance structure, to support the prioritisation of the Single Capital Pot for 2013/14 onwards, and the development of the Capital Investment Plan.

Alternative Options Considered and Rejected:

The Council could choose to allocate capital resources using an alternative prioritisation and allocation model.