Over £49m is to be invested in assets, services and infrastructure across East Suffolk over the coming financial year.
As part of its budget setting process, East Suffolk Council has agreed a programme of capital expenditure.
This includes a General Fund Capital Programme and Housing Revenue Account (HRA) Capital Programme for new development and investment in existing housing stock, worth just over £339m for the next four years.
The programme, which was approved at a meeting of the authority’s full council, outlines investment in line with the authority’s key priorities and for the benefit of local communities and businesses.
It aims to maximise resources by actively seeking external funding and making efficient use of existing council assets.
Commenting, East Suffolk Council’s Cabinet Member for Resources, Councillor Maurice Cook said:
“I am very pleased to be able to present such a comprehensive capital programme, investing in all areas of our district.
“The council tax payer is at the heart of all financial decisions and so many of the projects not only provide new or improved facilities, but also develop more assets and income streams for the council in order that the reliance on council tax for providing vital services can be minimised.”
Within the programme, over £118m has been allocated for planning and coastal management projects over the next four years, with a further £36.86m for economic development and regeneration schemes.
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