Purpose

To approve the Capital, Investment and Treasury Management Strategies and MRP Statement.

Decision

The recommendations within the report on the Capital, Investment and Treasury Management Strategies and MRP Statement were agreed as follows:

(i)      the Capital, Investment and Treasury Management Strategies for 2024/25, including the prudential indicators, be approved;

(ii)     the 2024/25 MRP policy statement set out in Appendix A to the Treasury Management Strategy be approved;

(iii)     the 2023/24 MRP policy be amended to align it with the MRP approach for 2024/25 in order to comply with MRP guidance in the current financial year (i.e. 2023/24); and

(iv)    the Debt Reduction Plan Principles set out in Appendix E to the Treasury Management Strategy be approved.