Decision Maker: Cabinet
Decision status: Recommendations Approved (subject to call-in)
Is Key decision?: Yes
Is subject to call in?: Yes
This will collate the service capital programmes prepared by Executive Members and presents for approval the proposed capital programme for the County Council for 2023/24 and the provisional programmes for the subsequent two financial years.
Cabinet considered a report of the Director of Corporate Operations regarding the proposed capital programme for 2023/24 and provisional programmes for the subsequent two financial years.
It was noted that despite the financial challenges, the County Council continues to invest in assets and infrastructure and was putting forward a total capital programme of over £1.2billion, including schemes already underway. This would provide major investment in Hampshire and contribute to economic growth through jobs and infrastructure. Due to the inflationary pressures, an additional £15m inflation underwrite had been set aside to enable schemes to go ahead. It was likely that further requests for inflationary increases could be received and therefore a capital inflation risk reserve would be created.
The recommendations in the report were considered and agreed. A decision record is attached to these minutes
Report author: Rob Carr
Publication date: 07/02/2023
Date of decision: 07/02/2023
Decided at meeting: 07/02/2023 - Cabinet
Date comes into force if not called in: 15/02/2023
Call-in deadline date: 14/02/2023
Accompanying Documents: