(Key decision):
(1) To delegate authority to the Chief Executive Officer, in consultation with the Assistant Director of Legal and Democratic Services, the Chief Finance Officer and the Portfolio Holder for Finance to undertake further work and detailed due diligence to establish a suitable vehicle to provide investment brokerage for public sector schemes.
(2) To approve General Fund budget allocation of up to £40k for external finance and legal costs associated with the detailed due diligence work.