To consider the submitted report on a review of the above Policy Framework document.

The Policy Development and Decision Group considered a report which proposed a few minor changes to the Investment Fund Strategy in light of lessons learned on previous investments.

The Policy Development and Decision Group made the following recommendation to the Mayor:

that, subject to the level of the Investment Fund remaining at £50m, the Council be recommended to approve the revised Investment Fund Strategy, set out in Appendix 1 to the submitted report.’

The Mayor considered the recommendation of the Policy Development and Decision Group set out above at the meeting and his decision, together with further information is attached to these Minutes.