Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2025/014

Contact: Natalie Crawford, Capital Programme Manager

Natalie.crawford@oxfordshire.gov.uk

Report by Executive Director of Resources and Section 151 Officer (CA10)

Cabinet is RECOMMENDED to:

a.    Note the capital monitoring position for 2025/26 set out in this report and summarised in Annex 1.

b.    Approve the updated Capital Programme at Annex 2 incorporating the changes set out in this report.

Recommendations approved.

Cabinet had before it the third capital programme update and monitoring report for 2025/26 which set out the monitoring position based on activity to the end of October 2025.

Councillor Dan Levy, Cabinet Member for Finance, Property and Transformation, presented the report.

Councillor Levy reported that the 10-year capital programme totals £1.43 billion, with actual expenditure at the end of October just over £103 million and a forecast of £186 million for the year, noting some slippages due to design and contractor delays. Highlights included progress on active travel schemes, the Whitney access scheme, and the reopening of Whitney Library, as well as significant investment in new school places and SEND provision.

During discussion, Members discussed the various funding sources, including Section 106 and government grants, and noted the impact of central government funding pressures on future service provision.

Councillor Levy moved and Councillor Leffman seconded the recommendations and they were approved.

RESOLVED to:

a.    Note the capital monitoring position for 2025/26 set out in this report and summarised in Annex 1.

b.    Approve the updated Capital Programme at Annex 2 incorporating the changes set out in this report.