Issue - meetings
Investment Strategy
Meeting: 16/07/2019 - Cabinet (Item 68)
68 Investment Strategy 
PDF 158 KB
Cabinet Member: Transformation
Forward Plan Ref: 2019/091
Contact: Andrew Fairweather, Asset & Investment Team Manager Tel: 07825 790242
Report by Strategic Director for Communities and Director of Finance (CA9).
This report is a covering paper to support the draft Investment Strategy. In line with revised statutory guidance (April 2018) the Council is formally required to have a Capital and Investment Strategy in place. This draft Investment Strategy (which would form a sub-section of the Capital & Investment Strategy) sets out a new investment framework, under which the Council can undertake investments.
Cabinet are asked to provide feedback on the draft strategy and are RECOMMENDED to endorse the draft strategy ahead of final consideration by Council in September 2019 (subject to any necessary amendments made).
Additional documents:
- CA_JUL1619R10 Investment Strategy draft v_3.0 18 June 2019, item 68
PDF 235 KB
- CA_JUL1619R11 Appendix A - Investment Strategy Scoring Matrix (Category C investments), item 68
PDF 115 KB
- CA_JUL1619R12 Appendix B - Investment Strategy Proforma (Category C investments) draft v_0.2, item 68
PDF 194 KB
Decision:
Recommendations agreed
Minutes:
The Cabinet had before it a report which set out the draft Investment Strategy. In line with revised statutory guidance (April 2018) the Council is formally required to have a Capital and Investment Strategy in place. This draft Investment Strategy (which would form a sub-section of the Capital & Investment Strategy) outlined a new investment framework, under which the Council could undertake investments.
Councillor Liz Brighouse, Chairman of Performance Scrutiny Committee, stated that the Committee had welcomed the opportunity to be able to comment on the report and were very supportive of the proposals.
Referring to the climate change emergency motion passed at Council Councillor Brighouse commented that if the Council was to show it meant it then response to climate change needed to be embedded in all the different strategies. She would have liked to have seen more stress on that in this strategy. She thanked officers for taking up the suggestion of the Committee to include a diagram in the report showing how the investment strategy fits in with other aspects.
Councillor Brighouse sought clarity over the approval process for Category C investments. Councillor Bartholomew explained that where necessary the process would include approval from the Chairman of Performance Scrutiny Committee. He did not expect the process to be used frequently.
RESOLVED: to endorse the draft strategy ahead of final consideration by Council in September 2019 (subject to any necessary amendments made).