Decision details

The Investment Board was created following the report to Cabinet in March 2017.  The Board has delegated authority to undertake investment decisions on behalf of the council and replaces the Investment Advisory Board that previously made recommendations for Cabinet consideration.

In accordance with the Terms of Reference, the Investment Board will provide a report on the investment portfolio and its performance to Cabinet on an annual basis.

RESOLVED:

That the Annual Report of the Investment Board be endorsed.

Reason for Decision:

To inform the Cabinet about the activities of the Investment Board.  The Investment Board are responsible for the delivery of the agreed Investment Strategy.  The Investment Strategy was created by the Council to deliver an ongoing and resilient source of income to provide financial support to the Council’s front line services.  Investments undertaken as a result of the strategy agreed in 2013 are successfully delivering a net income stream to the council.  

[The decisions on this item can be called in by the Overview and Budget Select Committee]