Decision details

Further to the approach set out in the report to Cabinet on 21^st June 2021, to receive an update and take any further decisions in relation to the proposed asset disposals programme.

(a)  That a Debt Repayment Strategy be implemented with immediate effect;

(b)  That Officers conduct a procurement exercise in line with the Public Contracts Regulations 2015, to obtain the support of external organisations who can assist the Council with a programme of asset disposals to generate capital receipts;

(c)  That it be agreed that income generated from asset disposals would be used in the first instance to finance any Capitalisation Directions received from the Government, and that additional sale proceeds thereafter would be used to repay existing external debt.