Decision details

That:

1)              it be noted that the Council’s Capital Programme has been reviewed and will continue to be throughout the year in the context of the impact of Covid-19 on funding sources and service requirements, and that any changes will be presented to Executive for approval;

2)              the proposed rephasing to the Capital Programme, following the ‘in-year’ review including the impact of Covid 19, as set out in paragraph 3 and Appendix B be noted and approved. There is no financial / service impact from the reprofiling of budgets into 2021/2022;

3)              the position of the capital programme at the end of Quarter 3 (to 31 December 2020) as summarised in the report below and set out in detail in Appendix A be noted;

4)              Appendix C, which highlights capital performance by key activities, be noted. This is part of the Council’s enhanced financial management focusing on the key capital projects, monitoring performance against budget and impact on funding levels (including borrowing);

5)              £6.8m of ringfenced funded capital budget, provisionally programmed for 2021/2022, be brought forward into the current year (2020/2021), for the acceleration of the delivery of the SCAPE – Road Infrastructure project;

6)              the addition to the 2020/21 capital programme of the development project for flats for vulnerable adults at Ryeish Green (Hyde End Lane, Spencer’s Wood), funded from a ringfenced grant of £647,627 from the National Health Service be noted and approved;

7)              additional capital budget of £2.756m for Winnersh Triangle Park and Ride into the 2020/21 capital programme, funded by ringfenced grant (from LEP), third-party contributions and S106 contributions be noted and approved;

8)       the contractual commitment of 2021/22 capital programme budget for the Carnival Pool Redevelopment for the value of £4m be noted and approved.