Purpose

To propose that a revised Commercial
Investment Strategy be approved and subsequently adopted for
implementation. 

Decision

The Cabinet approved the Revised Commercial
Investment Strategy.

Reasons for the decision

CIPFA have carried out a full review of the
existing Commercial Investment 
Strategy.

The Treasury and Capital Management Working
Group have also
reviewed the draft and their comments have been considered in the
final document.
 
The revised Strategy continues to support the
Treasury Management Strategy in delivering income from investments
to support the Council’s activities. It also aligns with
other policies and strategies, including the Corporate Plan.
 
The revised Strategy is a refresh of the
existing policy and aligns with a Corporate Plan Action/Project
(no.54). This will provide a clear basis for maintaining or taking
other Commercial investments over the coming years pre-Local
Government Reorganisation

Alternative options considered

N/A