Issue - meetings

Report of the Strategic Director of Housing and Customer Services

Presented by the Corporate Portfolio Holder

Councillor N Rushton presented the report, which set out the Investment Strategy – Service and Commercial 2021/22, and requested Cabinet to recommend it to Council for approval.

The Strategy set out how the Council would support local public services through lending to them or purchasing shares in them for an investment income. Alongside the strategy for the Council’s commercial property investments and analysis of current investments.

It was moved by Councillor N Rushton, seconded by Councillor A Woodman and

RESOLVED THAT

Cabinet recommends the Investment Strategy – Service and Commercial 2021/22 for approval by Council on 23 February 2021.

Reason for decision: To ensure the Council meets the requirements of the

statutory guidance issued by the government in January 2018

under section 15(1)a of the Local Government Act 2003.