Decision details

The Committee received and considered the report of the Town Clerk/CEO concerning the Council’s Annual Investment Strategy.

Members recognised the importance of the strategy as part of local authority governance and were pleased that the investments of the Council were held securely by reputable, ethical providers. Members asked that once appointed, the RFO considered social and environmental factors as well as ethical factors in future investment banking.

Recommended:

1.       That, the current investment in secure banks be approved, and

2.       That, the RFO (once appointed) continues to monitor interest rates to ensure the Council receives the most advantageous interest rates, and

3.       That, the RFO (once appointed) considers social, ethical and environmental factors in investment banking, and

4.       That, the Annual Investment Strategy 2021/22 be formally approved, subject to ratification at Full Council on 6 December with the above inclusion.