Issue - meetings

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 during the Financial Year 2018-19.  The Investment Board was 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 delivering a net income stream to the council.

[The decisions on this item can be called in by the Resources & Performance Select Committee]

The Leader of the Council explained that the Investment Board, Asset Strategy Board and Shareholder Board had all been combined into the Strategic Investment Board and meetings would now be held in public.  He introduced the report and explained that there was a challenging market and for the time being, the Council were not actively pursuing investment outside of the county.

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 during the Financial Year 2018-19.  The Investment Board was 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 delivering a net income stream to the council.

[The decisions on this item can be called in by the Resources & Performance Select Committee]