Unlike the revenue budgets discussed above, the 2024-25 capital settlement sees significant reductions in both cash and real terms:
Table 11: capital allocation to local government 2023-24 and 2024-25 (cash, £m)2023-24 Budget document2024-25 Budget documentCash change (£m)Cash change %General Capital Grant607.6476.9-130.7-21.5%Specific (ring-fenced) capital grants139.0121.1-17.9-12.9%Capital Funding within other Portfolios80.040.0-40.0-50.0%Total capital in Finance Circular826.6638.0-188.6-22.8%Scottish Government Budget documents 2023-24 and 2024-25Table 12: capital allocation to local government 2023-24 and 2024-25 (real terms, 2023-24 prices, £m)2023-24 Budget document2024-25 Budget documentReal change (£m)Real change %General Capital Grant607.6469.0-138.6-22.8%Specific (ring-fenced) capital grants139.0119.10-19.9-14.3%Capital Funding within other Portfolios80.039.3-40.7-50.8%Total capital in Finance Circular826.6627.5-199.1-24.1%Scottish Government Budget documents 2023-24 and 2024-25Much of the reduction in the capital allocation is accounted for by £120.6 million being switched from capital to revenue budgets in 2024-25 (to help fund pay deals).