Issue - meetings

That:

1)           the Commercial Strategy attached at Appendix A to the report be adopted;

2)           the Chief Finance Officer be delegated authority to revise and update the Strategy as required to ensure legislative compliance and delivery of best practice in the Council’s commercial ventures and activities. 

The Executive considered a report setting out a Commercial Strategy which was intended to support and enable Members and Officers to make positive choices about where they wanted to invest, rather than having to make decisions about where to reduce expenditure.

During his introduction the Executive Member for Finance and Housing advised the meeting that as the Council had become more commercial it was   important to have a Strategy in place to further improve service delivery and organisational efficiency.  Councillor Kaiser pointed out that any surpluses or profits that ensued from being a commercial entity would be used for the benefits of residents.

RESOLVED that:

1)           the Commercial Strategy attached at Appendix A to the report be adopted;

2)           the Chief Finance Officer be delegated authority to revise and update the Strategy as required to ensure legislative compliance and delivery of best practice in the Council’s commercial ventures and activities.