Issue - meetings

The report outlines the Council’s updated approach to prioritising future capital investment, ensuring it is in line with aspirations and reflective of the priorities and circumstances within Brent. It also explains the framework within which the Council’s long-term capital investment plans have been prioritised and brought forward for consideration as part of the financial planning and budget setting process.

RESOLVED that:

(i)            Cabinet approved the introduction of the permanent capital pipeline as set out in Appendix 1 to the report;

(ii)          Cabinet agreed that the schemes listed in Appendix 1 (Column A) were promoted from the pipeline to the main programme;

(iii)         Cabinet noted that in future, the remaining pipeline schemes would be individually moved to the main programme (and hence formally committed) when it was strategically and economically advantageous to do so but always subject to the submission of detailed business cases and Cabinet approval where applicable; and

(iv)         Cabinet agreed that in light of recommendation 2.2 above, the revised 3 year capital budget (Appendix 3) is adopted and presented to Council for approval as part of the Budget & Council Tax Report in February 2019.

Councillor Margaret McLennan, Deputy Leader of the Council and Lead Member for Resources, introduced the report outlining the Council’s updated approach to prioritising future capital investment, ensuring it is in line with our aspirations and reflective of the priorities and circumstances within Brent.

Councillor McLennan stated that the report explains the framework within which the Council’s long-term capital investment plans have been prioritised and brought forward for consideration as part of the financial planning and budget setting

process.

Councillor Krupesh Hirani, Cabinet Member for Public Health, Culture & Leisure, welcomed report and the exciting projects in Monks Park, Neasden and Stonebridge

RESOLVED that:

(i)            Cabinet approved the introduction of the permanent capital pipeline as set out in Appendix 1 to the report;

(ii)          Cabinet agreed that the schemes listed in Appendix 1 (Column A) were promoted from the pipeline to the main programme;

(iii)         Cabinet noted that in future, the remaining pipeline schemes would be individually moved to the main programme (and hence formally committed) when it was strategically and economically advantageous to do so but always subject to the submission of detailed business cases and Cabinet approval where applicable; and

(iv)         Cabinet agreed that in light of recommendation 2.2 above, the revised 3 year capital budget (Appendix 3) is adopted and presented to Council for approval as part of the Budget & Council Tax Report in February 2019.