Capital strategy

Links with other strategies, policies and plans

As well as the council plan and the capital programme, the capital strategy has clear links to many other strategies, policies and plans, the most significant of which are shown below:

Key strategies

  • Economic development strategy
  • Health and wellbeing strategy
  • Stronger and safer communities strategy

Other strategies

  • Asset management strategy
  • Medium-term financial strategy
  • Service and financial plans
  • Procurement strategy
  • North Staffordshire green spaces strategy
  • Co-operative strategy
  • Private sector housing renewal strategy
  • Housing strategy
  • Arts and cultural strategy
  • Customer access strategy
  • Energy efficiency and climate change strategy and carbon reduction plan
  • Treasury management strategy
  • Sustainable community strategy
  • North Staffordshire core spatial strategy

An important link is to the asset management strategy (AMS) in that many capital investment projects are related to our fixed assets, such as our stock of buildings. Needs and priorities identified in the AMS will require consideration for inclusion in our capital programme and have wider financial consequences. Equally important is the opportunity to generate capital receipts from the disposal of land/property where there is no current or likely future operational need.

The medium-term financial strategy will take account of the revenue effect of capital investment.

Appraisal, procurement and management of capital projects needs to be carried out with regard to the objectives and methodologies and the principles and practices set out in the procurement strategy.

The various service based strategies will inform our capital investment process through their identification of areas for action and of priorities within individual service areas.

The treasury management strategy needs to reflect planned capital spend, particularly with regard to setting limits for tying up money over the longer term and the limits relating to the amount of permitted borrowing.

In addition the capital strategy will be influenced by the results of any service reviews which have been carried out by us, either as part of the budget preparation process or as one-off exercises. Where these reviews identify areas of service which are to be discontinued, this may give rise to assets which will be available for disposal and possibly generate a capital receipt which will be available for funding further capital investment. Alternatively reviews may identify areas for investment, including potential 'invest to save' projects, some of which may be capital investment.