Decision details

RESOLVED

That:

i)   an increase from £1m to £1.5m in the limit on lending to subsidiary companies in the 2019/20 Investment Strategy be approved; and;

ii)  a £0.5m limit on shareholding in its subsidiary companies in the        2019/20 Investment Strategy

Reasons for Recommendations

i)             The annual treasury report is a requirement of the Council’s reporting procedures.

ii)            This report also covers the actual Prudential Indicators for 2018/19 in accordance with the requirements of the relevant CIPFA Codes of Practice.

iii)          Changes to the limits in the 2019/20 Investment Strategy are required to enable the housing companies agreed by Cabinet on 21 March 2019 to commence operations