The Strategic Investment Board is scheduled to review the performance of the council's investment companies and properties for the 2025/26 financial year. The meeting will also address the exclusion of the public for certain agenda items.

2025/26 Performance Review of Investment Companies and Properties

The board is scheduled to receive an overview of the performance of the council's investment companies and properties for the 2025/26 financial year. This review is intended to align with good governance practices and will summarise the performance of each entity, detail the governance processes followed, and identify key risks against planned objectives. The report covers Surrey Property Group (SPG), Surrey Choices, Connect2Surrey (C2S), Halsey Garton Residential (HGR), and the Surrey County Council (SCC) Investment Property portfolio (IP).

The report indicates that SPG has progressed lettings and renewals and completed a refurbishment of an office in Guildford. It also notes that a decision was made in January 2026 for all assets to transfer from SPG to SCC, with the company to be wound up. Halsey Garton Residential (HGR) is continuing a controlled wind-down through disposals, while Surrey Choices has delivered key service developments, including the opening of a new respite service. Connect2Surrey (C2S) continues to support SCC recruitment needs, and Hendeca has ceased trading and is expected to apply to be struck off. The UK Municipal Bonds Agency's (UKMBA) investment value is currently recorded at £nil due to material uncertainty related to going concern.

The report highlights overarching risks including future delivery challenges, loss of benefits from property company portfolio management, market volatility, and ongoing financial pressures. These risks are to be managed through robust governance and regular performance monitoring. The board is expected to note the governance process, the content of the report, and the key risks identified along with their mitigation strategies.

The report supports the corporate priority of Growing a sustainable economy so everyone can benefit by aiming to secure the financial sustainability of the council through enhanced governance oversight of company performance.

The board members scheduled to attend are Natalie Bramhall, Cabinet Member for Property, Waste and Infrastructure; David Lewis, Cabinet Member for Finance and Resources; Sinead Mooney, Deputy Leader and Cabinet Member for Adult Social Care; and Tim Oliver OBE, Leader of the Council, who will chair the meeting.

The meeting is scheduled to take place at Woodhatch Place, 11 Cockshot Hill, Reigate, Surrey, RH2 8EF, on Monday, 15 June 2026, at 2:00 pm.

The documents related to this meeting include the Agenda frontsheet Monday 15-Jun-2026 14.00 Strategic Investment Board and the Public reports pack Monday 15-Jun-2026 14.00 Strategic Investment Board.