At a glance summary - capital investment
In addition to the money the council spends on day-to-day services as reflected in the revenue budget, the council also invests for the future in its buildings and infrastructure. A provisional capital programme of works costing approximately £115.2 million has been drawn up which is expected to attract Government grants and other external funding in the region of £74.2 million. The balance of costs will be met from income of approximately £25.2 million from the disposal of surplus assets (capital receipts), £11 million from the use of unsupported borrowing and £4.8 million from supported borrowing. The cost of the repayments on the amount borrowed has been included in the revenue budget within the capital financing service. A summary of the type of schemes included in this year’s programme and the proposed funding is shown below.
| Sector |
Government Grants (million pounds) |
Other (million pounds) |
Supported Borrowing (million pounds) |
Capital Receipts (million pounds) |
Total (million pounds) |
|---|---|---|---|---|---|
| Housing - Private sector | 26.4 | 3.0 | 29.4 | ||
| Housing - Public sector | 11.1 | 2.6 | 13.7 | ||
| Housing - Private and Public | 37.5 | 5.6 | 43.1 | ||
| Children's Services | 6.8 | 0.1 | 2.7 | 12.9 | 22.5 |
| Highways | 3.7 | 2.1 | 5.8 | ||
| Community Health & Social Care | 0.4 | 1.6 | 0.2 | 2.2 | |
| Culture and Sport | 0.4 | 0.2 | 1.4 | 2.0 | |
| Environmental | 0.4 | 0.2 | 1.0 | 1.6 | |
| Crime and Disorder | 1.0 | 1.0 | |||
| Regeneration Schemes | 18.9 | 9.5 | 28.4 | ||
| Property | 4.0 | 2.6 | 6.6 | ||
| Customer and Support Services | 2.0 | 2.0 | |||
| Total | 68.1 | 6.1 | 4.8 | 36.2* | 115.2 |
* includes £11 million of unsupported borrowing which will only be allocated across services at the year end.
This page was last updated on 19 March 2008
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