To receive Report No. 6/2018 from the Director for Resources

·         The above report was presented to Cabinet on 16 January 2018 and the recommendations within the report were approved.

·         Cabinet has requested that Scrutiny review and comment on the proposals.  The report will be presented to Full Council for approval on 26 February 2018.

To receive Report No. 6/2018 from the Director for Resources

·         The above report was presented to Cabinet on 16 January 2018 and the recommendations within the report were approved.

·         Cabinet has requested that Scrutiny review and comment on the proposals.  The report will be presented to Full Council for approval on 26 February 2018.

Report No. 6/2018 from the Director for Resources was received.

The Assistant Director for Finance, Mr Della Rocca introduced the report.  Mr Della Rocca explained that the item was to be considered as part of the budget package and that the substantive debate would be held at the special meeting of the Growth, Infrastructure and Resources Scrutiny Panel to be held on 25 January 2018.

Members were informed that the key change was the new Commercial Investment Policy (Appendix 2, Annexe B1 to Report No. 6/2018).  Rutland County Council (RCC) was seeking Cabinet’s recommendation to Council to establish a £10m fund for commercial investments to generate income to contribute towards RCC sustaining the current level of service delivery.  All suitable opportunities would be reviewed by Cabinet/and or Council in accordance with existing Finance Procedure Rules.