Decision details

The Cabinet Member for Finance, Growth and Core Services presented a report on the Council’s proposed Flexible Use of Capital Receipts Strategy for 2022/23.

The Cabinet Member explained that a delay in the issuing of updated guidance by the Department for Levelling Up, Housing and Communities (DLUHC) had meant that it had not been possible to present a full strategy as part of the annual Budget Framework report that was approved by the Assembly in March 2022. 

The updated guidance recently issued by DLUHC meant that only two projects, the Adult Services Direct Payment Review and the Adult Services Financial Assessment Review, continued to be eligible under the new rules, with several other transformation schemes previously eligible now needing to be funded elsewhere within the General Fund. 

Assembly resolved to:

(i)  Agree the Council’s Strategy for the Flexible Use of Capital Receipts 2022/23, as set out at Appendix A to the report; and

(ii)  Note that as a consequence of the new statutory guidance, only two transformation schemes were deemed to meet the revised criteria and that ongoing schemes no longer meeting the criteria shall be funded from alternative sources within the General Fund.