1.    that the forecasted revenue outturn position and amendments made to the published 2025/26 Capital Investment Plan be noted.

2.    that, subject to Council approving the additional capital as set out in paragraph 2.6 of the submitted report, the Director of Finance be given delegated authority to agree appropriate terms and grant a capital loan up to £2.5m to SWISCo for fleet modernisation; and

Recommends to Council:

3.    that Council approves the revisions to the Capital Investment Plan, as per Appendix 1;

4.    that Council approve the additional borrowing of up to £2.5mto facilitate a capital loan to SWISCo to enable them to modernise their fleet; and

5.    that Council approves an update to the Capital Programme of up to £3m allocated from Levelling Up Round 3 (LUF3) grant to acquire the required land for the delivery of the Torbay Tech Park.