Issue details

Commercial Property Investment Strategy - Update

 

 

To seek approval to bring forward funding from 2018/19 to accelerate delivery of the approved Commercial Property Investment Strategy.

Decision type: Key

Reason Key: Expenditure > £400,000;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 21/04/2017

Reason for urgency:
In order to enable the Corporate Property Investment Strategy to be pursued as soon as practicable, without compromising on the robust assessment approach that has been taken to date, it is recommended that Council is requested at the earliest opportunity to bring forward the £20m earmarked for the CPIS in 2018/19 into the current year. If this is agreed, it would accelerate delivery of part of the Council’s Efficiency Plan, take some of the pressure off other services to achieve savings in 2018/19 and create some additional one-off resources.

Decision due: 9 May 2017 by Executive

Lead member: Executive Member for Transformation & Finance

Lead director: Chief Executive

Contact: Stuart McKellar, Executive Director: Resources Email: stuart.mckellar@bracknell-forest.gov.uk Tel: 01344 352205.

Consultation process

Meetings with interested parties.

Consultees

Corporate Management Team
Executive Committee: Commercial Property

Making Representations: In writing to the Borough Treasurer.

Financial Impact: Revenue savings anticipated

Decisions

Agenda items