Issue - meetings

Q1 Capital Update 2024- 2025

Meeting: 27/09/2024 - Greater Manchester Combined Authority (Item 20.)

20. Q1 Capital Update 2024- 2025 pdf icon PDF 292 KB

Report of Councillor David Molyneux, Portfolio Lead for Resources & Finance.

Additional documents:

Decision:

1.  That the current 2024/25 forecast of £636.3m compared to the 2024/25 budget of £685.2m and approve changes to the capital programme as set out in the report be noted.

 

2.  That the addition of £3.8m to the 2024/25 GMCA Capital Programme from an extension to the fourth round of the Active Travel Fund (ATF4) award as outlined in section 2.6.1 be approved.

 

3.  That the addition to the capital programme of £16.2m of Local Electric Vehicle Infrastructure (LEVI) funding to deliver local, on-street charging infrastructure across Greater Manchester and to accelerate the commercialisation of, and investment in, the local charging infrastructure sector be approved.

 

4.  That the addition to the capital programme of £4.8m of Investment Zone grant funding to support the development of high-potential clusters identified as Investment Zones with a focus on developing Advanced Manufacturing & Materials be approved.