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Strategic Investment Board

Recent meetings

28 meetings · Page 3 of 3

13 May 2024

Strategic Investment Board - Monday, 13 May 2024 10.30 am

The Strategic Investment Board of Surrey County Council met on Monday 13 May 2024. The board met in private to discuss the Halsey Garton Property Investments Ltd (HGPI) business plan for 2024/25, and agreed to approve the plan.

21 Mar 2024

Strategic Investment Board - Thursday, 21 March 2024 10.30 am

The Strategic Investment Board met to discuss a financial sustainability review of Surrey Choices, one of the council's trading companies. The Board went into private session to discuss the review in detail and agreed to the recommendations made in the report.

About

The Strategic Investment Board (SIB) monitors the Council’s trading activity and its investments in companies to ensure satisfactory performance and effective risk management. The financial returns delivered by trading and investment helps to ensure that we continue to deliver quality services to our residents.   The Board will:

   (a)       approve the allotment of further shares in a Company (whether

to third party shareholders or the Council)  (b)       periodically evaluate financial performance of a Company  (c)       approve the strategic direction of a Company  (c)       approve the sale of the Council’s investment in a company

 (d)       agree capital or revenue investments of £1m and above proposed by a Company  (e)       consider any recommendation from Company Directors to cease

trading (f)         report to the Council annually on trading activity

(g)        consider and approve business case proposals concerning the use of the Council’s landholdings that contribute to the delivery of the Council’s investment strategy

(h)        approve all property investment acquisitions or disposals (unless law requires full council approval)

(i)         approve investment property asset management expenditure of £1m and above (j)         approve the provision of finance to the Council’s wholly owned

property company, Halsey Garten Property Ltd (k)        approve the strategic management of the overall portfolio to

ensure a balanced portfolio is maintained (l)         approve non-property investments.  

Members

Profile image for Tim Oliver OBE
Tim Oliver OBE · Chairman
Profile image for David Lewis
David Lewis · Member
Profile image for Natalie Bramhall
Natalie Bramhall · Member
Profile image for Sinead Mooney
Sinead Mooney · Member
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