Agenda item

Local Authority Capital Flexibilities Consultation

Report of the Director of Finance and Commercial Services

Decision:

9.1

This report provides a draft consultation response to the Department for Levelling Up, Housing and Communities (DLUHC) call for views on new local authority capital flexibilities.

 

 

9.2

RESOLVED UNANIMOUSLY: That the Finance Committee approves the proposed response to the call for views on new local authority flexibilities for submission to DLUHC.

 

 

9.3

Reasons for Decision

 

 

9.3.1

The content of this consultation represents a significant change in Government policy and, in accordance with the Council Constitution, members are asked to approve the consultation response.

 

 

9.4

Alternatives Considered and Rejected

 

 

9.4.1

The Council is not required to submit a response to this consultation. An alternative option to the recommendation would be to not submit a response. The proposal from DLUHC includes significant changes to the capital financing regime that the Council operates within and this alternative option was rejected so that the views of the Council can be submitted to Government.

 

Minutes:

9.1

The Director of Finance and Commercial Services submitted a report that provided a draft consultation response to the Department for Levelling Up, Housing and Communities (DLUHC) call for views on new local authority capital flexibilities.

 

 

9.2

RESOLVED UNANIMOUSLY: That the Finance Committee approves the proposed response to the call for views on new local authority flexibilities for submission to DLUHC.

 

 

9.3

Reasons for Decision

 

 

9.3.1

The content of this consultation represents a significant change in Government policy and, in accordance with the Council Constitution, members are asked to approve the consultation response.

 

 

9.4

Alternatives Considered and Rejected

 

 

9.4.1

The Council is not required to submit a response to this consultation. An alternative option to the recommendation would be to not submit a response. The proposal from DLUHC includes significant changes to the capital financing regime that the Council operates within and this alternative option was rejected so that the views of the Council can be submitted to Government.

 

Supporting documents: