Decision details

Amendment to Treasury Management Policy in response to Coronavirus Government Guidance

Decision Maker: Managing Director

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No


To amend the current Treasury Management Strategy as approved by Council February 2020.
Increase the investment limit for UK government investments only to allow a short term investment of £20m to be received from the Government for the Small Business Grant Fund and Retail, Hospitality and Leisure Grant Fund schemes.

Reasons for the decision:

The current strategy has limits on investments that prohibit such a large sum. A short term increase to the UK Government investment limit will allow this funding to be invested until it is paid out in grants in the coming weeks.
This would normally be a decision taken by Council. In the current coronavirus epidemic, there are no Council meetings planned. This is a change, to protect the investment of funds whilst financial assistance to businesses suffering from the results of the virus lockdown is administered.

Alternative options considered:

None. This amendment is needed to ensure the £20m received from the Government in response to CV-19 can be invested in line with the Council’s Strategy.

Publication date: 21/11/2022

Date of decision: 31/03/2020

Accompanying Documents: