Decision details

The Impact of Inflation on the Capital Programme

Decision Maker: Cabinet, County Council

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: No


With the current high levels of inflation there are now a number of projects across the capital programme that are identifying the need for additional funding to allow the schemes to continue through to completion. The purpose of this report is to seek approval of an approach to the management of these requests that supports efficient and timely decision-making.


That Cabinet recommends to Council to:


1.     Set aside £15m of the Capital Investment Fund to create an Inflation Contingency Fund to manage the impact of inflation on the approved capital programme; and

2.     Delegate authority to make allocations from the Fund to the Strategic Director for Resources, in consultation with the Portfolio Holder for Finance and Property in accordance with the proposals in paragraph 2.9.Councillor Peter Butlin (Deputy Leader of the Council) introduced this item and summarised the report.

Report author: Virginia Rennie

Publication date: 09/09/2022

Date of decision: 08/09/2022

Decided at meeting: 08/09/2022 - Cabinet

Accompanying Documents: