Agenda and draft minutes

Strategic Investment Board - Tuesday, 19 July 2022 10.00 am

Venue: Council Chamber, Woodhatch Place, 11 Cockshot Hill, Reigate, Surrey, RHY2 8EF

Contact: Huma Younis, Committee Manager  Email: huma.younis@surreycc.gov.uk

Media

Items
No. Item

22/22

Apologies for Absence

    • Share this item

    Additional documents:

    Minutes:

    Apologies had been received from Matt Furniss.

23/22

Minutes of the Previous Meeting pdf icon PDF 186 KB

    • Share this item

    To approve the minutes of the meeting held on 17 May 2022.

    Additional documents:

    Minutes:

    The minutes of the last meeting were agreed as a correct record.

24/22

Declarations of Interest

    • Share this item

    All Members present are required to declare, at this point in the meeting or as soon as possible thereafter

    (i)            Any disclosable pecuniary interests and / or

    (ii)           Other interests arising under the Code of Conduct in respect of any item(s) of business being considered at this meeting

    NOTES:

    • Members are reminded that they must not participate in any item where they have a disclosable pecuniary interest
    • As well as an interest of the Member, this includes any interest, of which the Member is aware, that relates to the Member’s spouse or civil partner (or any person with whom the Member is living as a spouse or civil partner)
    • Members with a significant personal interest may participate in the discussion and vote on that matter unless that interest could be reasonably regarded as prejudicial.

     

    Additional documents:

    Minutes:

    There were none.

25/22

Questions and Petitions

    • Share this item

    To receive any questions or petitions.

    Additional documents:

    Minutes:

    There were none.

26/22

Strategic Investment Board 2021/22- Full Year Report pdf icon PDF 220 KB

    • Share this item

    That the 2021/22 Full-Year Report of the Strategic Investment Board is endorsed and presented to Cabinet.

    Additional documents:

    Minutes:

    The report was introduced by the Strategic Finance Business Partner who explained that the Part 1 full year report covered a governance review and update, funding update, changes in directors and company updates. The report was recommended for endorsement by the board and for presentation to Cabinet on 27 September 2022.

     

    The Leader explained that there would be further discussion in Part 2 of the meeting to discuss elements of the investment strategy. The Leader reminded members of the public that it was not the intention of the council to invest in any property outside the county. The council manages the current investment portfolio to make sure it generates a return and better value. In general terms the investment portfolio had performed well when taking account of the property market during the covid period.   

     

    RESOLVED:

     

    1.    That the 2021/22 Full-Year Report of the Strategic Investment Board (Annexes A and B) is endorsed by the Strategic Investment Board and presented to Cabinet on 27 September 2022.

27/22

Exclusion of the Public

    • Share this item

    That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting during consideration of the following items of business on the grounds that they involve the likely disclosure of exempt information under the relevant paragraphs of Part 1 of Schedule 12A of the Act.

     

    Additional documents:

    Minutes:

    RESOLVED: That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting during consideration of the following items of business on the grounds that they involve the likely disclosure of exempt information under the relevant paragraphs of Part 1 of Schedule 12A of the Act.

28/22

Strategic Investment Board 2021/22- Full Year Report

    This Part 2 annex contains information which is exempt from Access to Information requirements by virtue of paragraph 3 – Information relating to the financial or business affairs of any particular person (including commercially sensitive information to the bidding companies).

    Additional documents:

    Minutes:

    A separate confidential Part 2 minute was done for this item.

     

    RESOLVED:

     

    1.    That the 2021/22 Full-Year Report of the Strategic Investment Board (Annexes A and B) is endorsed by the Strategic Investment Board and presented to Cabinet on 27 September 2022.