Agenda item

Asset Investment Strategy 2025/26 (including Amalgamated Business Plans)

Committee is asked to approve the Asset Investment Strategy which sets out the priorities and key focuses for proactive management of the Council’s Investment and Regeneration Portfolio during 2025/26.

Decision:

The Committee resolved to approve the Asset Investment Strategy which set out the priorities and key focuses for proactive management of the Council’s Investment and Regeneration Portfolio during 2025/26.

Minutes:

It was proposed by Councillor Boughtflower and seconded by Councillor Beecher to move the exclusion of Press and Public as members wanted to discuss confidential information contained within the appendices attached to the report.

 

The Committee resolved to go into a closed session in view of the likely disclosure of exempt information within the meaning of Part 1 of Schedule 12A to the Local Government Act 1972 as amended by the Local Government (Access to Information) Act 1985 and by the Local Government (Access to Information( (Variation) Order 2006.

 

The Committee discussed the data included within the exempt appendices that outlined the current financial situation with regard to the Council’s commercial assets.

 

The Committee meeting went back into an open session for members to vote on the recommendation outlined in the meeting.

 

The Committee resolved to approve the Asset Investment Strategy which set out the priorities and key focuses for proactive management of the Council’s Investment and Regeneration Portfolio during 2025/26.

 

 

It was proposed by Councillor Boughtflower and seconded by Councillor Howkins to suspend Standing Order 38.4 to allow the meeting to continue until 10.30pm.

 

 

 

It was proposed by Councillor Beecher and seconded by Councillor Boughtflower to move the exclusion of the Press and Public for the following item (18), in view of the likely disclosure of exempt information within the meaning of Part 1 of Schedule 12A to the Local Government Act 1972 as amended by the Local Government (access to Information) Act 1985 and by the Local Government (Access to Information) (Variation) Order 2006.

Supporting documents: