Issue - meetings
Strategic Infrastructure Priorities and the Scottish Local Government Pension Scheme
Meeting: 15/03/2019 - Pensions Committee and Pension Board (Item 9)
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With reference to article 1 of the minute of its previous meeting, the Committee had before it a report by the Director of Resources which addressed the earlier instruction to the Chief Officer – Finance to explore how the North East Pension Fund could invest locally in the North East, including, but not confined to, the strategic infrastructure priorities identified in the Regional Economic Strategy, City Region Deal and City Centre Masterplan, with a report back to the Pensions Committee of March 2019; and set out the risks, challenges and barriers as well as how a strategic partnership could be formed to support the development of the strategic infrastructure priorities.
The report recommended:-
that Committee instruct the Chief Officer – Finance to explore the opportunities for a strategic partnership between the Council, other stakeholders and the NESPF for the purposes of supporting local infrastructure investment, and to report on the feasibility of this within three committee cycles.
The Committee resolved:-
to approve the recommendation.
The Board resolved:-
to note the decision of the Committee.