Issue - meetings

(Finance & Economic Development – Cllr H Whitbread) To note the updated General Fund and Housing Revenue Account Capital Programmes (2025/26 to 2029/30) (C-029-2024-25).

(1)           The Cabinet noted the contents of the report, including both the updated General Fund and Housing Revenue Account Capital Programmes (2025/26 to 2029/30) (Appendix A of the agenda report); and

(2)           The Cabinet considered the report, but no additional actions were identified (in the context of the updated Medium-Term Financial Plan) for the further refinement of the Capital Programme as part of developing integrated draft budget proposals for further consideration by the Cabinet in December 2024.

The Finance & Economic Development Portfolio Holder reported that the Capital Programme Update provided essential context and was a key part of early budget preparations for 2025/26. The updated (indicative) Capital Programme was in two parts and comprised total investment of £179.422 million (General Fund £31.463 million, Housing Revenue Account (HRA) £147.959 million) over the five-year period 2025/26 to 2029/30. The HRA incorporated council housebuilding and regeneration projects while the General Fund covered the Epping Sports Centre development, the new airfield control tower building works and various Qualis projects. Overall, this was a very positive report.

Decision:

(1)           That the Cabinet noted the contents of the report, including both the updated General Fund and Housing Revenue Account Capital Programmes (2025/26 to 2029/30) (Appendix A of the agenda report); and

(2)           That the Cabinet considered the report, but no additional actions were identified (in the context of the updated Medium-Term Financial Plan) for the further refinement of the Capital Programme as part of developing integrated draft budget proposals for further consideration by the Cabinet in December 2024.