Decision details

Cabinet resolved to recommend the Assembly to:

(i)  Note the Treasury Management Annual Report for 2014/15;

(ii)  Note that the Council complied with all 2014/15 treasury management indicators;

(iii)  Note £89m was borrowed from the European Investment Bank to fund an urban regeneration and economic growth programme of Gascoigne Estate (East) Phase 1 and Abbey Road 2;

(iv)  Approve the actual Prudential and Treasury Indicators for 2014/15; and

(v)  Maintain the delegated authority given to the Chief Finance Officer, in consultation with the Cabinet Member for Finance, to proportionally amend the counterparty lending limits agreed within the Treasury Management Strategy Statement to take into account the additional cash holdings resulting from the £89m borrowed from the European Investment Bank.