Purpose

This report outlines the process for
developing the investment strategy for the Camden Community Wealth
Fund Diversity Mission and Youth Mission Pilot and requires a
decision to be made approving the Youth Mission Investment Strategy
attached as in Appendix 1. The report also provides an overview of
the governance and decision making processes required to approve
individual investments for each pilot and requires a decision to be
made to approve those governance and decision making
processes.

Content

THAT the Executive Director Corporate
Services, following consultation with the Executive Director
Supporting Communities, the Leader, and the Borough Solicitor, is
asked to:
 

1.                 
Approve the Investment Strategy
for the Community Wealth Fund – Youth Mission Pilot
(summarised in paras 2.4 to 2.6 and attached at Appendix
1)

2.                 
Note that the Investment Strategy
for the Community Wealth Fund -Diversity Mission Pilot is currently
being developed with participatory input from our residents using
the template and principles adopted for the Investment Strategy
-Youth Mission Pilot

3.                 
Approve the proposed
decision-making process for individual investments from the two
Community Wealth Fund Pilots set out in paras 2.7 to 2.9