This strategy updates the Council’s Investment Strategy which was last updated in December 2019. It reflects changes in the Public Works Loan Board (PWLB) and the aspirations of the Council to support projects and investments that deliver regeneration, employment, the JLP and housing, strategic investments, climate change and our corporate strategy, within West Devon.
There are only limited occasions when this strategy and the scheme of delegation within it would need to be utilised, but having a scheme of delegation that provides for expedient, auditable decisions is an essential part of a regeneration toolkit. Opportunities that come to the market that align to corporate strategy priorities are often time bound, and the Council must be able to respond to those.
This Regeneration and Investment Strategy includes the following delegations in summary:
- To the Head of Paid Service in consultation with the Chairman of the Regeneration and Investment Committee, Leader of the Council and S151 Officer for acquisitions, including debt finance within the approved borrowing limits.
