Purpose

This report sets out the updated strategy and
business plan for the Warwickshire Investment Fund which, exists to
support the local economy through investing in local
businesses.

Decision

That Cabinet:
 
1.    
Approves the Warwickshire Investment Fund (“WIF”)
Investment Strategy attached to the report at Appendix 2;
 
2.    
Approves the WIF Business Plan attached to the report at Appendix
3;
 
3.    
Authorises the Executive Director for Resources in consultation
with the Portfolio Holder for Finance and Property to make such
minor modifications to the WIF Investment Strategy as are
considered appropriate but only where such changes do not reduce or
remove any of the current checks and balances on investments
included within the Strategy or Business Plan; and
 
4.    
Notes that the WIF Investment Strategy coming into effect is
dependent upon approval of the wider Treasury Management Statement
and Investment Strategy under which the WIF Investment Strategy and
Business Plan sits.