Issue - meetings

To receive a report of the Executive Member for Finance.

The Executive Member for Finance submitted a report advising of the actions taken in respect of the Council’s investments since the previous meeting and seeking endorsement of the proposed strategy for the next three months.

Council approved the proposals as now detailed.

RESOLVED – that (A) the investment strategy of maintaining significant investments in UK government securities accepting that there will be lesser return on such compared with bank deposits and Money Market Funds, be endorsed; and

(B)      the maximum sum with Nat West at any time not to exceed £15m.