Issue - meetings

Report of the Executive Director of Corporate Resources and Customer Services

Further to Minute No. 107 of the meeting of the Cabinet held on 10 February 2022 the Council considered the report of the Executive Director of Corporate Resources and Customer Services that advised that the Capital Strategy set out the long-term context in which capital expenditure, borrowing 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.    

Attached as Appendix 1 to the report was the Capital Strategy 2022/23 to 2026/27

It was moved by Councillor Ian Maher, seconded by Councillor Fairclough and 

RESOLVED:

That the Capital Strategy 2022/23 to 2026/27 be approved.

Report of the Executive Director of Corporate Resources and Customer Services

Further to Minute No. 32 of the meeting of the Overview and Scrutiny Committee held on 8 February 2022 the Cabinet considered the report of the Executive Director of Corporate Resources and Customer Services that advised that the Capital Strategy set out the long-term context in which capital expenditure, borrowing 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.    

Attached as Appendix 1 to the report was the Capital Strategy 2022/23 to 2026/27

Decision Made:     

That Council be recommended to approve the Capital Strategy 2022/23 to 2026/27.

Reasons for the 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.