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Shropshire Council
Abbey Foregate

Decision details

Treasury Strategy 2023/24

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes




That Cabinet


·       Received the Treasury Strategy 2023/24 and recommended its adoption to Council from the perspective of this setting out the policy Cabinet wish to adopt;


·       Recommends that Council:-


a)    Approve, with any comments, the Treasury Strategy for 2023/24

b)    Approve, with any comments, the Prudential Indicators, set out in Appendix 1, in accordance with the Local Government Act 2003, noting that the new Liability Benchmark indicator needs to be finalised.

c)     Approve, with any comments, the Investment Strategy, set out in Appendix 2 in accordance with the DLUHC Guidance on Local Government Investments.

d)    Approve, with any comments, the Minimum Revenue Provision (MRP) Policy Statement, set out in Appendix 3.

e)    Authorise the Section 151 Officer to exercise the borrowing powers contained in Section 3 of the Local Government Act 2003 and to manage the Council’s debt portfolio in accordance with the Treasury Strategy.

f)      Authorise the Section 151 Officer to use other Foreign Banks which meet Link’s creditworthiness policy as required.

g)    Authorise the Section 151 Officer to progress and finalise the restatement and amendment of Cornovii Development Ltd loan agreements.

Report author: James Walton

Publication date: 15/02/2023

Date of decision: 15/02/2023

Decided at meeting: 15/02/2023 - Cabinet

Effective from: 23/02/2023

Accompanying Documents:


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