Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2024/222

Contact: Natalie Crawford, Capital Programme Manager

Natalie.crawford@oxfordshire.gov.uk

Report by Executive Director of Resources and Section 151 Officer

The Cabinet is RECOMMENDED to:

Capital Programme

1.               Note the capital monitoring position for 2024/25 set out in this report and summarised in Annex 1.

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

Budget Changes / Budget Release

3.               approve the submission of a bid for £2.800m to Sustrans T8 (pending potential funding from Active Travel England) for a number of schemes to improve the National Cycle Network and to note the total match funding of £0.355m required.  Match funding will be met by a combination of Community Infrastructure Levy funds, S106 funding and corporate resources. (para 68)

4.               a. approve the submission of a bid to the Public Sector Decarbonisation Scheme: Phase 4 (PSDS4) to support the programme to implement decarbonisation measures across the corporate estate. 

b. delegate authority to the Executive Director of Resources and S151 Officer and Director of Property and Assets to approve the grant offer letter in the event of a successful award of funding for PSDS4 and

c. note the required match funding for PSDS4 which is estimated to be between £6.00m and £9.00m, which will be addressed as part of the 2025/26 business planning process. (para 71) 

5.               approve the carry forward of £1.651m from the current Early Years Programme and include new funding of £1.286m received from the Department for Education Childcare Expansion Capital Grant to support the extension of early years childcare and wraparound provision for children in working families. (para 73)

Recommendations approved.

Cabinet had before it the second capital programme update and monitoring report for 2024/25 which set out the monitoring position based on activity to the end of August 2024. The report also updated the Capital Programme approved by Cabinet on 16 July 2024 taking into account additional funding and new schemes.  The updated programme also incorporated changes agreed through the Capital Programme Approval Reports to Cabinet during the year as well as new funding.

In the absence of the Cabinet Member for Finance, Councillor Liz Leffman, Leader of the Council, presented the report.

During discussion, members welcomed the bids for funding for Active Travel across the County and decarbonisation of the corporate estate.  Members also referred to the importance of the Childcare Expansion capital funding.

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

RESOLVED to:-

Capital Programme

1.               note the capital monitoring position for 2024/25 set out in this report and summarised in Annex 1.

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

Budget Changes / Budget Release

3.               approve the submission of a bid for £2.800m to Sustrans T8 (pending potential funding from Active Travel England) for a number of schemes to improve the National Cycle Network and to note the total match funding of £0.355m required.  Match funding will be met by a combination of Community Infrastructure Levy funds, S106 funding and corporate resources. (para 68)

4.               a. approve the submission of a bid to the Public Sector Decarbonisation Scheme: Phase 4 (PSDS4) to support the programme to implement decarbonisation measures across the corporate estate. 

b. delegate authority to the Executive Director of Resources and S151 Officer and Director of Property and Assets to approve the grant offer letter in the event of a successful award of funding for PSDS4 and

c. note the required match funding for PSDS4 which is estimated to be between £6.00m and £9.00m, which will be addressed as part of the 2025/26 business planning process. (para 71) 

5.               approve the carry forward of £1.651m from the current Early Years Programme and include new funding of £1.286m received from the Department for Education Childcare Expansion Capital Grant to support the extension of early years childcare and wraparound provision for children in working families. (para 73)