Decision details

In presenting the 2024/25 draft budget to Cabinet, the Flexible use of Capital Receipts Policy was also presented for approval.

In April 2022 the Department for Levelling Up, Housing & Communities (DLUHC) announced that this initiative had been extended again. This time for the three years from 1 April 2022 to 31 March 2025 although redundancy costs are not now covered, except where such redundancy costs are necessarily incurred and limited to the amounts available as statutory redundancy payments.

As a result of the above the revised policy was taken to Cabinet to be adopted.

Cabinet agreed the following: 

1. That the Flexible use of Capital Receipts policy as presented be approved.

There is a requirement to review, refresh and approve this policy on an annual basis.

There are no options available to Members other than to approve the policy, the alternative would remove any flexibility available to us in terms of managing these types of costs.