Issue - meetings

COUNCIL RESOLVED  - 

(i)

That the capital programme for 2021/22, and the provisional programmes for 2022/23 to 2025/26, as set out in Appendix 2, be approved, subject to external funding approvals being received.

(ii)

That the provisional capital financing for the programme, as set out in Appendix 3, be noted and authority be delegated to the Strategic Director, Resources and Digital, to enter prudential borrowing which is consistent with the requirements of the Capital Programme and the Council’s Treasury Management Strategy.

Consideration has been given to the proposed Capital Programme for the next five years to continue to provide significant levels of strategic investment to help maintain and deliver financial sustainability and support the Council’s strategic approach to Making Gateshead a Place Where Everyone Thrives.

RESOLVED -

That the Council be recommended to approve the following:

(i)

The Capital Programme for 2021/22 and the provisional programmes for 2022/23 to 2025/26, as set out in appendix 2 to the report, subject to external funding approvals being received.

(ii)

The provisional capital financing for the programme, as set out in appendix 3 to the report, and to delegate authority to the Strategic Director, Resources and Digital to enter prudential borrowing which is consistent with the requirement of the Capital Programme and the Council’s Treasury Management Strategy.

The above decisions have been made for the following reasons:

(A)

To continue to provide significant strategic investment to deliver the Council’s priority outcomes.

(B)

To assist with the medium- and longer-term financial sustainability of the Council.

(C)

To maximise resources available within the Council’s capital programme to assist in the delivery of the five key priority areas which underpin the thrive agenda.

(D)

To assist the Councils response and recovery following the global pandemic.