Decision details

The Cabinet will be presented with an update on progress in implementing the Council’s Investment and Acquisition Strategy, which is aimed supporting the regeneration of the borough and the financial sustainability of the Council, and will be asked to approve an updated Strategy to guide future investment decisions in line with statutory guidance.

Cabinet resolved to:

(i)  Note the progress being made in meeting the Investment and Acquisition (IAS) income target;

(ii)  Note the governance and controls that were in place to management the IAS;

(iii)  Note the addition of a Lease and Lease Back asset class to the IAS;

(iv)  Note the limitations that impact the IAS through the net interest requirement; and

(v)  Approve the updated IAS contained in Appendix 1 to the report.