Cabinet recommended to Full Council:
(a) The updated Investment Strategy attached at Appendix A to the report from the Interim Director of Finance, which includes
(i) a range of investment indicators to comply with the Statutory Guidance on Local Government Investments and
(ii) the governance arrangements that enable the Council to seek approval for priority investments in a timely manner in response to market conditions.
(b) The consequent changes to the Scheme of Delegation to enable the Head of Commercial Development & Investment to progress investment opportunities, including due diligence checks, and to authorise the Section 151 Officer to submit non-binding offers in line with market practice.