Decision details

To seek approval to allocate an increased budget for the Strategic Acquisition Strategy to secure additional land and/or investment assets that will improve the Council’s financial resilience.

(a)  That it be agreed that whilst strategic acquisitions would normally be made within the Borough of Slough, to reduce risk, maximise financial returns and widen the potential to create a more balanced portfolio is achieved by buying investments outside Slough.

(b)  That the scoring criteria associated with out-of-borough investment assets be amended as set out in the report.

(c)  That the Capital Programme for 2016/17 be amended to increase the existing budget by an additional £25m.