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.
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.
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