We’re having to make a lot of decisions with regards to our financial position, and how we’re going to spend and invest in the near future.
We’ve recently outlined our financial position, and the sort of cuts we might have to make in the coming years.
But we also wanted to set out how we’re going to make investments and spending in the coming years as well.
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The Capital Programme
The total capital expenditure in 2019/20 – including the Housing Revenue Account (HRA), which allows us to make improvements to our housing stock – is estimated to be £89million; about £8.5m more than the amount approved by the Executive Board at its meeting in July.
The main increases are down to increases in spending to non-HRA projects and the HRA capital programme
Our main Capital Programme is made up of borrowing – supported by the Welsh Government – grants, contributions, capital receipts we earn from sales, prudential borrowing and interest-free loans from the Welsh Government and Salix.
The Capital Programme is part of our usual financial processes – in order to make sure we know what our spending priorities will be in the near future, we plan out any major investment and put it for discussion at our Executive Board.
Future spends planned for 2023/24
As well as reviewing our current spends, we’ve also planned out capital spending for the coming years, with the help of the Corporate Land and Buildings Strategy Group.
We’ve taken a look at some of the spends we can make in 2023/2024 – and our Executive Board will discuss whether or not to approve them on Tuesday.
| Project | Requested Allocation 2023/24 £000 | Proposed Allocation 2023/24 £000 |
| 21st Century Schools Band B | 1,000 | 1,000 |
| Highway Infrastructure Improvements | 1,000 | 750 |
| Wrexham Town Centre Conservation Area Townscape Heritage Scheme (THS) | 359 | 200 |
| Window Replacement – Rhosnesni High School | 422 | 200 |
| Window Replacement – Clywedog High School | 2,215 | 200 |
| Disabled Facilities Grant | 1,200 | 950 |
| 6,196 | 3,300 |
Investment has also been outlined for the Heritage & Community Well Being Bids for the same financial year, as follows:
| Heritage & Community Well Being Bids | Requested Allocation 2023/24 | Proposed Allocation 2023/24 |
| Projects | £000 | £000 |
| Wrexham Town Centre (THS) – Heritage Regeneration as part of a larger Town Centre scheme (see HE 4 table 1 above) | 100 | 50 |
| Monument Repair Conservation and Redisplay at Ancient Monuments within the Borough | 100 | 50 |
| Total | 200 | 100 |
Our Executive Board will meet to discuss the report on Tuesday, October 7.
You can watch the debate live via the webcast.
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