That Investment Opportunities 1 and 2 as set out in the Exempt Decision Notice attached to this Record of Decision be approved. 

(Note:  The decision in respect of Investment Opportunities 1 and 2 is restricted due to exempt information contained within the decision.)

To purchase two new investments from the Council’s Investment and Regeneration Fund in order to generate additional revenue for the Council.

These are set out in the Exempt Decision Notice.

This decision will come into force immediately.

The Chief Executive, in consultation with the Group Leaders, Section 151 Officer, Monitoring Officer, Interim Director of Place, Director of Asset Management and Housing (TDA) and Director of Economy (TDA), has taken an urgent decision in accordance with the Council’s Officer Scheme of Delegation, in the absence of the Investment and Regeneration Committee and Cabinet, to purchase two investments on behalf of the Council in line with the Investment and Regeneration Strategy.  The decision has been made, taking account of the current investment criteria and Minister of Housing Communities and Local Government Statutory guidance on Local Government Investments, and in recognition that the investments sit within Torbay’s Functional Economic Market Area.

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