Issue - meetings

Report of the Executive Director Corporate Resources and Customer Services.

Further to Minute No. 101 of the meeting of the Cabinet held on 11 February 2021 the Council considered the report of the Executive Director of Corporate Resources and Customer Services indicating that the Capital Strategy set out the long-term context in which capital expenditure and investment decisions were made and considered the impact of these decisions on the priorities within the Council’s Core Purpose and Framework for Change Programme and the promises made in the 2030 Vision for Sefton; that at the heart of the Capital Strategy was the Council’s core objective to continue to deliver financial sustainability; and that as such, a flexible capital investment programme was more important than ever as a method to stimulate and enable economic growth and strategic investment, ensuring best use of existing assets and of generating future income streams to pay for and deliver day to day services.  

The Capital Strategy, attached to the report as Annex A, was a statutory document that the Council was required to have in place and be reviewed on an annual basis.

It was moved by Councillor Fairclough, seconded by Councillor Atkinson and:

RESOLVED:    

That the Capital Strategy as set out in Annex A to the report be approved.

Report of the Executive Director of Corporate Resources and Customer Services

The Cabinet considered the report of the Executive Director of Corporate Resources and Customer Services indicating that the Capital Strategy set out the long-term context in which capital expenditure and investment decisions were made and considered the impact of these decisions on the priorities within the Council’s Core Purpose and Framework for Change Programme and the promises made in the 2030 Vision for Sefton; that at the heart of the Capital Strategy was the Council’s core objective to continue to deliver financial sustainability; and that as such, a flexible capital investment programme was more important than ever as a method to stimulate and enable economic growth and strategic investment, ensuring best use of existing assets and of generating future income streams to pay for and deliver day to day services.  

The Capital Strategy, attached to the report as Annex A, was a statutory document that the Council was required to have in place and be reviewed on an annual basis.

The Cabinet Member for Regeneration and Skills, Councillor Atkinson referred to the Southport Town Deal and thanked the Town Deal Board Members for all their hard work, commitment, passion and vision and paid tribute to the sterling work of the Chair and Vice Chair of the Board, Mr Rob Fletcher and Mr Andrew Booth.   

Councillor Atkinson also paid tribute to the hard work of Sefton Officers and emphasised how their commitment had played a pivotal role in driving the bid forward and highlighted that should the bid be successful then Sefton could benefit from £50m of investment.

Decision Made:

That the Council be recommended to approve the Capital Strategy as set out in Annex A of the report.

Reasons for Decision:

The Capital Strategy is a key policy document for Sefton Council and follows guidance issued in the Prudential Code for Capital Finance in Local Authorities (2017 Edition). 

Alternative Options Considered and Rejected:

None.