Decision details

To receive a report informing the Cabinet of recent assets purchased through the Strategic Acquisition Board process in line with the Strategic Acquisition Strategy.

It was noted that:

(a)  The ability to operate within commercial timescales had been very effective. Two major strategic asset purchases have already been completed, generating income in excess of £550,000 of per annum.

(b)  A mixed portfolio of potential strategic asset purchases has been identified and is being pursued.

(c)  An income target of £1.25m had been set for the financial year 2016/17.

(d)  The income generated from strategic asset purchases would generate an independent income stream that will alleviate pressure enforced by central government funding cuts.