Issue - meetings

A verbal update will be given at the meeting.

Simon Bedford from Deloitte LLP provided a verbal report and advised the Committee that all avenues of external funding were being explored and would be accessed where possible, as well as opportunities for private sector investment. He advised of the proposal for the Council to set up a Capital Investment Fund in order to recycle Council investments into the town and for future projects elsewhere in the borough. Members discussed the proposal, noting that poor economic quarters were anticipated and that similar approaches and private sector partnerships had been successful in the past.

Decision:

The Radcliffe Cabinet Committee noted the proposal for a Capital Investment Fund.