Draft Capital Strategy 2026-27(25-02-2026)

Committee report · Audit Committee · Thu 5 Mar 2026 · Hastings Borough Council · agenda item 6

In plain English

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The report states that any new capital proposal needs to go before full Council, and that full Council also sets the council's overall limits on borrowing. p114 p80

The council's Capital Financing Requirement is projected to rise from around £75.9m in 2025/26 to some £103.9m by 2028/29 based on the current capital programme. p72

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p72The Council has at the time of writing some £63.6m of PWLB debt. To borrow for the remainder of the 2025/26 capital programme i.e. up to the projected level of the CFR (£75.9m) it would need to borrow a further £12.3m by the end of March 2026. The table above highlights that by the end of 2028/29 the Capital Financing Requirement is expected to reach some £103.9m by 2028/29 (based on the capital programme).
p8034. The full Council determine the total limits on borrowing.
p11459. The Council has a number of project management procedures and tools in place for managing individual projects. Key is the project initiation stage, the approval process and thereafter effective performance monitoring and reporting. A business case is required and a detailed report to Cabinet/Council. Any new Capital proposal requires full Council approval.

Places and organisations it names

Hastings Borough Council
Pelham Crescent (named in passing; not checked that it's about here)

Other papers for this meeting

Audit Committee agenda · Committee agenda
Appendix B HBC Audit Charter 202627 · Committee report
Appendix III - Glossary · Committee report
HBC Appendix A Internal Audit Strategy and Annual Plan 202627 · Committee report
HBC Covering Report Annual Audit Strategy and Audit Plan 2627 · Committee report
HBC Covering Report Q3 2025-26 Progress · Committee report
HBC Internal Audit Strategy 202627 Annual Plan · Committee report
HBC Quarter 3 2025-26 Progress Report Appendix A · Committee report
Minutes Public Pack, 23/02/2026 Audit Committee · Committee report
Audit Committee minutes · Committee minutes
Treasury Management Covering Report 2026-27 v1 · Committee report
Treasury Management Strategy 2026-27 Draft 25-02-2026 · Committee report

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