Cabinet resolved to recommend the Assembly to:
(i) Note the Treasury Management Strategy Statement Mid-Year Review 2014/15;
(ii) Note that in the first half of the current financial year the Council complied with all 2014/15 treasury management indicators;
(iii) Note the borrowing of £89m through a loan facility from the European Investment Bank (EIB) to support an urban regeneration and economic growth programme agreed by the Assembly on 17 September 2014; and
(iv) Delegate authority 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 for the duration of the 2014/15 financial year, subject to a review of this authority in the February 2015 Treasury Management Strategy report to take into account any potential additional borrowing from the EIB agreed previously by the Cabinet.