Issue - meetings

To consider 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.

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