Issue - decisions

(i)         To agree the investment strategy as attached as appendix one.

To note that individual investment decisions will be subject to specific approval by Cabinet;

(ii)        To agree that the management of the council’s reserves will be centralised in order to facilitate the delivery of the investment strategy;

(iii)       To agree, as part of 2.3, that a new £12m investment reserve will be established through re-designation of existing reserves, in order to deliver the investment strategy;

(iv)       To delegate to the Chief Finance Officer authority to amend the technical criteria for evaluating investments as necessary.