Issue - meetings
INVESTMENT STRATEGY 2026/27
Meeting: 26/02/2026 - Council (Item 91)
91 INVESTMENT STRATEGY 2026/27 
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REPORT OF THE DIRECTOR – RESOURCES
For Council to consider and approve the Investment Strategy 2026/27.
Additional documents:
Decision:
RESOLVED: That Council:
(1) Approved the adoption of the Investment Strategy (as attached at Appendix A).
(2) Approved the adoption of the four clauses in relation to the Code of Practice on Treasury Management (as detailed in paragraphs 8.10 to 8.16).
REASON FOR DECISIONS: To ensure the Council’s compliance with CIPFA’s code of practice on Treasury Management, the Local Government Act 2003, statutory guidance from Government, and the CIPFA Prudential Code. As well as determining and managing the Council's risk appetite in respect of investments.
Minutes:
Audio recording – 1 hour 58 minutes 0 seconds
N.B. Councillor Paul Ward declared an interest in this item due to his employment and left the Chamber for the duration of the item.
N.B. Councillor Ruth Clifton left the Chamber at 21:31 and did not return.
Councillor Ian Albert, as Executive Member for Resources, presented the referral from Cabinet and the report entitled ‘Investment Strategy 2026/27’ and advised that:
· The Investment Strategy detailed the assets the Council had and how they would maintain them, in addition to their plans for new assets.
· It would also determine funding for capital spend and an approach to borrowing a minimum revenue provision.
· The approach to investing surplus cash would be determined by a focus on investments that would provide security, liquidity and yield.
· Following the motion on Local Government Pension Scheme and Responsible Investment passed by Council on 4 December 2025, they had met with treasury advisors to address the requirements of the motion without putting the Council at risk.
· Changes made to the strategy had been outlined at paragraph 8.8 in the report although it was noted that it would be impractical to change their bank account right now.
Councillor Ian Albert proposed and Councillor Sean Nolan seconded the recommendations in the report.
As part of the debate, Councillor Dave Winstanley put on record his thanks to Members and Officers for all the work that had gone into producing the Investment Strategy and for the inclusion of Environmental, Social and Governance investments throughout it.
As part of the debate, Councillor Daniel Wright-Mason also put on record his thanks to Members and Officers for the speed with which they had implemented these changes and that it was a good first step towards change.
Having been proposed and seconded and, following a vote, it was:
RESOLVED: That Council:
(1) Approved the adoption of the Investment Strategy (as attached at Appendix A).
(2) Approved the adoption of the four clauses in relation to the Code of Practice on Treasury Management (as detailed in paragraphs 8.10 to 8.16).
REASON FOR DECISIONS: To ensure the Council’s compliance with CIPFA’s code of practice on Treasury Management, the Local Government Act 2003, statutory guidance from Government, and the CIPFA Prudential Code. As well as determining and managing the Council's risk appetite in respect of investments.
N.B. Following the conclusion of the item, Councillor Paul Ward returned to the Chamber at 21:35.