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  • Issue

    • Issue - meetings

    Investment Strategy - Service and Commercial 2020/21

     

     

    Meeting: 04/02/2020 - Cabinet (Item 86)

    86 Investment Strategy - Service and Commercial 2020/21 pdf icon PDF 219 KB

    Report of the Strategic Director of Housing and Customer Services

    Presented by the Corporate Portfolio Holder

    Additional documents:

    Minutes:

    The Head of Finance presented the report to Members.

     

    Members were advised that the strategy set out how the Council would support local public services by lending to them or buying shares in them, and how it would earn an investment income.  The approved limits had been set to limit the amount the Council would lend and invest.  It was noted that the strategy also set out the Council’s current commercial property investments.

     

    It was moved by Councillor R Ashman, seconded by Councillor R Blunt and

     

    RECOMMENDED TO COUNCIL THAT:

     

    The Investment Strategy – Service and Commercial 2020/21 at its meeting on 25 February 2020 be approved.

     

    Reason for decision:  To ensure the Council meet the requirements of the statutory guidance issued by the government in January 2018 under Section 15(1)a of the Local Government Act 2003.