Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2025/012

Contact: Natalie Crawford, Capital Programme Manager

Natalie.crawford@oxfordshire.gov.uk

Report by Executive Director of Resources and Section 151 Officer (CA18)

The Cabinet is RECOMMENDED to:

Capital Programme

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.

Budget Changes / Budget Release

c.     Approve the inclusion of St Joseph’s, Thame into the capital programme with an indicative budget of £1.500m (para 62-63).

d.    Approve the inclusion of Safe Space into the capital programme with a budget of £1.795m (para 64-66).

e.    Approve the inclusion of Redbridge Redevelopment into the capital programme with an indicative budget of £6.545m (para 67-69).

f.      Approve the inclusion of Cinder Track improvements, Route 2 of the South and Vale Active Travel Network (SVATN), into the capital programme (para 70-71).

g.    Approve the inclusion of the A420 (Oxford) Safer Roads Fund into the capital programme with a budget of £2.225m (para 72-73)

h.    Approve an increase in budget of the A34 Lodge Hill Interchange Scheme from £34.660m to £36.090m, an increase of £1.430m (para 74-75).

i.      Approve the inclusion of the Bus Service Improvement Delivery Plan 2025/26 into the capital programme with a budget of £5.441m (para 76-78).

j.      Approve the inclusion of the Data Centre Hardware Refresh into the capital programme with an indicative budget of £1.600m (para 78-80).

Funding Updates

k.     Agree the inclusion in the capital programme of the following grant funding updates and allocations:

·       Revise the previous forecasted value of the School Condition Allocation 2025/26 to £4.647m (para 82).

·       Add the Basic Need Capital Allocations for 2026/27 & 2027/28 of £7.732m and £4.904m to the basic need programme to address pupil places (para 83).

·       Add the SEN High Needs Capital Allocation 2025/26 of £7.936m to the basic need programme to address SEN provision (para 84-85).

·       Add the Integrated Transport Block 2025/26 of £3.717m into the capital programme and replace existing council funded transport schemes (para 86).

l.      Note the reduction in the over-programming of the ten – year capital programme from £14.082m as agreed by Council in February 2025 by £3.717m to an over-programme of £10.365m.

Recommendations approved.

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

The report also updated the Capital Programme approved by Council on 11 February 2025 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.

Councillor Dan Levy, Cabinet Member for Finance, Property and Transformation presented the report. He referred to a small increase in capital expenditure, additional government grants, and continued investment in projects aligning with Council objectives.

RECOMMENDED to:

Capital Programme

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.

Budget Changes / Budget Release

c.     Approve the inclusion of St Joseph’s, Thame into the capital programme with an indicative budget of £1.500m (para 62-63).

d.    Approve the inclusion of Safe Space into the capital programme with a budget of £1.795m (para 64-66).

e.    Approve the inclusion of Redbridge Redevelopment into the capital programme with an indicative budget of £6.545m (para 67-69).

f.      Approve the inclusion of Cinder Track improvements, Route 2 of the South and Vale Active Travel Network (SVATN), into the capital programme (para 70-71).

g.    Approve the inclusion of the A420 (Oxford) Safer Roads Fund into the capital programme with a budget of £2.225m (para 72-73)

h.    Approve an increase in budget of the A34 Lodge Hill Interchange Scheme from £34.660m to £36.090m, an increase of £1.430m (para 74-75).

i.      Approve the inclusion of the Bus Service Improvement Delivery Plan 2025/26 into the capital programme with a budget of £5.441m (para 76-78).

j.      Approve the inclusion of the Data Centre Hardware Refresh into the capital programme with an indicative budget of £1.600m (para 78-80).

Funding Updates

k.     Agree the inclusion in the capital programme of the following grant funding updates and allocations:

·       Revise the previous forecasted value of the School Condition Allocation 2025/26 to £4.647m (para 82).

·       Add the Basic Need Capital Allocations for 2026/27 & 2027/28 of £7.732m and £4.904m to the basic need programme to address pupil places (para 83).

·       Add the SEN High Needs Capital Allocation 2025/26 of £7.936m to the basic need programme to address SEN provision (para 84-85).

·       Add the Integrated Transport Block 2025/26 of £3.717m into the capital programme and replace existing council funded transport schemes (para 86).

l.      Note the reduction in the over-programming of the ten – year capital programme from £14.082m as agreed by Council in February 2025 by £3.717m to an over-programme of £10.365m.