Issue - meetings

Committee were requested to consider the refreshed Capital Strategy for 2021/22 as presented.  Members acknowledged the key change in that the current capital programme (to be approved February 2021) did not include any plans for further commercial property investment with the last acquisition being made on 2nd April 2020 and the revised (lower) Public Works Loans Board (PWLB) rates available to those Councils not pursuing debt for yield investment strategies.

RESOLVED that

a)    the contents of the Capital Strategy for 2020/21 including Annexes 1-3; as presented, be received and noted;

b)    Cabinet and Council be recommended to approve the Capital Strategy, Commercial Property Investment Strategy and Commercial Property Indicators, as outlined in the report.