Decision details

That Cabinet:

1.     Approves the Warwickshire Recovery Investment Fund (“WRIF”) Investment Strategy attached at Appendix 4 to the report;

2.     Approves the WRIF Business Plan attached at Appendix 5 to the report;

3.     Authorises the Strategic Director for Communities in consultation with the Portfolio Holder for Finance and Property to make such additional changes to the Investment Strategy as he considers necessary but only where such changes do not reduce or remove any of the current checks and balances on investments included within the Strategy or Business Plan; and

4.     Authorises the Strategic Director for Communities in consultation with the Portfolio Holder for Finance and Property to update the process for BIG Fund assessments as set out in Section 4.5 of the report.