The Head of Finance introduced the report for the Committee’s consideration and comment. It was highlighted that the Strategic Plan was still considered to be relevant, although emerging priorities had been identified including the Town Centre Strategy and the proposals for 1000 additional affordable homes. Key assumptions included a council tax increase of 2% and inflation of 2%, with some higher inflation assumptions for items such as energy costs. A further £500,000 had been allocated to cover any unforeseen pressures caused by high inflation.

The Committee considered the importance of providing premises for local businesses, particularly small industrial or commercial premises where a shortage currently existed.

RESOLVED: That the report be noted and the Committee request that the capital programme contains sufficient scope to speculatively bring forward employment property such as b2 and b8 classifications in support of the Economic Development Strategy.