Agenda item

Report of the Chamberlain

The Board considered a report of the Chamberlain proposing an amendment to the Treasury Management Strategy Statement and Annual Investment Strategy 2022/23 (TMSS) to improve the alignment between the strategy and the various individual participants whose treasury management activities the TMSS applies to, with the Board making a decision in respect of BHE. The Chamberlain introduced the report, setting out the background to the decision and drawing Members’ attention to the key points.

RESOLVED – That the BHE Board note the report and agree the proposals in relation to Bridge House Estates, that funds related to Bridge House Estates are invested in line with the simplified strategy, noting the loss of £222,767 that would be realised as set out in the report.