Agenda and minutes

There were no apologies.

Henry Pollard declared an interest in that he is employed by Invesco Perpetual, an investment manager.

To agree the public minutes and non-public summary of the meetings held on 2 February 2012 and 9 May 2012.

The minutes of the meeting held on 2 February and 9 May 2012 were approved as an accurate record.

Report of the Town Clerk.

The Committee received a report of the Town Clerk relating to a decision taken under urgency procedures which established a £20million Social Investment Fund.

The Chairman emphasised the need to establish a clear strategy around how this fund would be used and where accountability should lie. The Chamberlain advised Members that this would be considered by the Policy & Resources Committee (and possibly its Resource Allocation Sub Committee) and would be reported back to the Board in due course.

RECEIVED

There were no questions.

There was no other business as the circulated report on the Appointment of the Financial Investment Board Investment Strategy Member & Officer Working Party was withdrawn with related matters considered under Item 10 instead.

MOTION - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

RESOLVED - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

SUMMARY OF MATTERS CONSIDERED WHILST

THE PUBLIC WERE EXCLUDED