Issue - meetings

Report by the Director for Property, Investment and Facilities Management & Director of Finance (CC10).

In line with revised statutory guidance (April 2018) the Council is formally required to have a Capital & Investment Strategy in place. This was approved by Council in Feb 2019. This overarching strategy includes the Treasury Management Strategy and makes reference to the development of an Investment Strategy, which will form a sub-section of that strategy, and requires Council approval.

The strategy sets out a new investment framework, under which the Council can undertake investments against the following broad categories:

·                investments in property funds, bond funds, equities and multi asset classes;

·                maximising the use of and value of our own assets (land & buildings);

·                acquisitions & investments, which derive a service outcome or Council priority, and which generate a commercial return;        

·                investments for policy, social, community benefits.

Council is RECOMMENDED to approve the Investment Strategy document. The text from this document, will become a sub-section of the overall Capital & Investment Strategy.

Recommendations agreed by 46 votes to 0, with 11 abstentions.

In line with revised statutory guidance (April 2018), the Council was formally required to have a Capital & Investment Strategy in place. This was approved by Council in Feb 2019. This overarching strategy included the Treasury Management Strategy and made reference to the development of an Investment Strategy, which would form a sub-section of that strategy, and required Council approval.

The Council had before it a strategy (CC10) which set out a new investment framework, under which the Council could undertake investments against the following broad categories:

·                investments in property funds, bond funds, equities and multi asset classes;

·                maximising the use of and value of our own assets (land & buildings);

·                acquisitions & investments, which derive a service outcome or Council priority, and which generate a commercial return;        

·                investments for policy, social, community benefits.

RESOLVED: (on a Motion by Councillor Bartholomew, seconded by Councillor Reeves and carried by 46 votes to 0, with 11 abstentions) to approve the Investment Strategy document (the text of which will become a sub-section of the overall Capital & Investment Strategy).