That the following elements be recommended to Council for approval:-

·      inclusion of the Local Authorities Property Investment fund into the current Investment strategy,

·      maximum duration funds can be placed in an investment instrument be extended from 3 years to 10 years however this extension only applies to monies placed in this fund,

·    maximum level of funds to be placed into this fund be set at £10m,

·   the Prudential indicator for Upper limit for sums invested over 364 days be  amended from £60m 2015/16, £60m 2016/17 & £50m 2017/18 to £70m 2015/16, £70m 2016/17 & £60m 2017/18 and a new category be incorporated under the existing Investment criteria as detailed at Appendix A to the report.