Decision details

To note the forecast capital out-turn position

RESOLVED:

1.  That the month 6 2025-26 forecast spend and resources and future years for both the general fund and housing investment programmes as detailed in Appendices A1 and C of the report be noted.

2.  That the alignment of the general fund capital programme to the Southwark 2030 priorities at Appendix A2 of the report be noted.

3.  That the significant borrowing requirement of £321m which needs to be identified for the general fund programme to be fully delivered over the remaining term of the programme, as detailed in Appendix A of the report be noted.

4.  That the significant borrowing requirement of £358m for the housing investment programme to be fully delivered over the remaining term of the programme, as detailed in Appendix C of the report be noted.

That the following be approved:

5.  The virements and variations to the general fund and housing investment capital programme as detailed in Appendix D of the report.

6.  The demolition of the Marie Curie block on Sceaux Gardens Estate at an estimated cost of  £3m to be funded from other HRA asset disposals (paragraph 44 of the report).