Issue details

Capital Investment Fund

 

 

Building on the Council approval for a £10 investment fund in February 2016 and linking to the Efficiency Plan and the Transformational Programme this report expands the fund proposal and provides criteria for both the investments made by the fund and the governance arrangements around the management of the investment fund.

 

In addition the report proposes investment to increase future collection of Non-Domestic Rates (NNDR) tax revenues within Torbay.

Decision type: Key

Reason Key: Revenue Budget variation +£250,000;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 24/08/2016

Decision due: 14 Sep 2016 by Elected Mayor

Decision due: 22 Sep 2016 by Council

Lead member: Elected Mayor and Executive Lead for Assets, Finance, Governance and Corporate Services, Economic Regeneration and Transformation

Lead director: Interim Chief Executive of Torbay Council

Contact: Head of Financial Services.

Consultation process

Meetings and circulation of papers.

Consultees

Senior Leadership Team, Mayor and Councillors

If you want to make representations contact:: Martin Phillips, Chief Finance Officer, Torbay Council, Town Hall, Castle Circus, Torquay, TQ1 3DR, telephone (01803) 207285, fax (01803) 207319, email martin.phillips@torbay.gov.uk

Decisions

Agenda items

 

Contact Governance Support

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