Decision details

1.    Cabinet delegated approval to the Strategic Director (Corporate & Commercial), supported by Statutory Officers, in consultation with the Portfolio Holder for Corporate and Commercial Services, to design and undertake a competitive selection process to select a suitable Partner(s) to work in conjunction with the Council in an Investment Partnership model.

2.    Cabinet approved the commissioning of suitable independent advice on the financial, tax, legal, procurement and governance arrangements to ratify the approach.

3.    Cabinet resolved to recommend to Council approval of a one-off drawdown of £230,000 from Council development reserves to undertake work related to creating and entering into the Investment Partnership(s)