Report by Director of Finance

The Director of Finance submitted a report setting out for approval at Appendix 1 the Capital Strategy 2026/27.

The report noted that the Chartered Institute of Public Finance and Accountancy’ (CIPFA) revised Prudential Code for Capital Finance in Local Authorities 2021 required local authorities to produce a Capital Strategy on an annual basis which must be approved by Council.  The Capital Strategy 2026/27 attached to the report at Appendix 1 met the statutory requirements and had been updated where required.  There were no material changes from the Capital Strategy 2025/26.

The following motion was moved by Councillor Terry and seconded by Councillor Leng and CARRIED:

Resolved -

(1)       That the Capital Strategy 2026/27, as attached at Appendix 1 to the report, be approved;

(2)       That the updated Action Plan that formed Annex D of the Capital Strategy be noted, together with the associated financial implications.