Issue - decisions
The Impact of Inflation on the Capital Programme - A Funding Proposal
03/10/2022 - The Impact of Inflation on the Capital Programme
That Council:
1. Sets 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. Delegates 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 of the report.
09/09/2022 - The Impact of Inflation on the Capital Programme
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.