Agenda item

To note the outturn position for 2008-09 for the capital programme 2008 – 2016 for both the General Fund and Housing Investment Programme and approve the reprofiling of spend and resources into the 2009 – 2016 programme.

To note the new emerging pressures on the capital programme arising from issues of service demands, the recession and the impact on the pace of regeneration schemes.

To agree a substitution of a scheme at Goose Green School for that currently programmed for Heber School within the Sure Start funded Children’s Centre Programme and to note additional capital funding secured for the Burgess Park Revitalisation Project and to agree to the project being added in to the Capital Programme 2009-2016.

To note the allocation of funds remaining from the original capital allocation for Leisure Centres for Seven Islands, Camberwell Leisure Centre and Southwark Park Athletics Stadium.

RESOLVED:

1.  That the outturn position for 2008/09 for the capital programme 2008 - 16 for both the General Fund and Housing Investment Programme be noted and the reprofiling of spend and resources into the 2009 -16 programme be approved.

2.  That the new and emerging pressures on the capital programme arising from issues of service demands, the recession, and the impact on the pace of regeneration schemes be noted.

3.  That the finance director submit a refreshed 10 year capital programme for approval to a future executive meeting.

4.  That approval be given to the substitution of a scheme at Goose Green School at an estimated cost of £1m for that currently programmed for Heber School within the Sure Start funded Children's Centre programme (paragraphs 38 – 39 of the report).

5.  That the £6m additional capital funding secured for the Burgess Park Revitalisation Project be noted, and this project be added into the capital programme 2009-16 (paragraph 72 of the report).

6.  That the allocation of the funds remaining from the original capital allocation of £12.3m for Leisure Centres for Seven Islands, Camberwell Leisure Centre, and Southwark Park Athletics Stadium (paragraphs 76 – 79 of the report) be noted.