Freedom of information response

Commercial investments taken by the council since 2019

Publication date: 
Thursday 7 December 2023
Request: 

This is an information request relating to commercial investments taken by the council since 2019
 
Please include the following information:
•    A list of all commercial investments taken by the council during the 2019/20, 2020/21, 2021/22, 2022/23 and current financial years
•    The value of each investment
•    The future annual income forecast at the time of purchase
•    The actual income received each year since the purchase, up until and including the 2022/23 financial year

Response: 

Please include the following information:

  • A list of all commercial investments taken by the council during the 2019/20, 2020/21, 2021/22, 2022/23 and current financial years

The Council has provided an update on its Investment position in a recent Cabinet report - 13 Sept 23 – link Report Template (thurrock.gov.uk)

Other sources of information are as below.

Details of investment are available within our statement of accounts. These documents are published on our website.

2019/20 – Audited Statement of Accounts

2020/21 – Unaudited Statement of Accounts

Links as below:

Statement of accounts | Our accounts and funds | Thurrock Council

There is quarterly reporting to Cabinet that covers Council Investment– links as below. Link also for outturn reporting.

Cabinet Papers

13 Sept  2023 -  Quarter 1 Forecast Revenue and Capital Outturn Report.pdf (thurrock.gov.uk)

12 July 2023 Agenda for Cabinet on Wednesday, 12th July, 2023, 7.00 pm | Thurrock Council (22-23 Provisional out-turn)

15 March 2023 Quarter 3 2022-23 Financial Update.pdf (thurrock.gov.uk)

22 Feb 2023 Draft Budget 2023-24.pdf (thurrock.gov.uk) Draft Budget 23-24

14 Dec 2022 Financial Update - Quarter 2 2022-23.pdf (thurrock.gov.uk)

09 Mar 2022 Financial Update - Quarter 3 202122.pdf (thurrock.gov.uk)

08 Dec 2021 Quarter 2 Financial Update.pdf (thurrock.gov.uk)

08 Sept 2021 Financial Update - Quarter 1 2021-22 and Revised MTFS.pdf (thurrock.gov.uk)

07 July 2021 Report Template (thurrock.gov.uk) (20-21 out-turn)

10 Mar 2021 Financial Update - Quarter 3 202021.pdf (thurrock.gov.uk)

09 Dec 2020 Financial Update Quarter 2 2020-21.pdf (thurrock.gov.uk)

16 Sept 2020 Medium Term Financial Strategy Update and Revenue Budget Monitoring - Quarter 1 202021.pdf (thurrock.gov.uk)

22 Jul 2020 Report Template (thurrock.gov.uk) (19-20 out-turn)

11 Mar 2020 Quarter 3 Financial Report.pdf (thurrock.gov.uk)

15 Jan 2020 Quarter 2 Financial Report.pdf (thurrock.gov.uk)

04 Sept 2019 Revenue Budget Monitoring - Quarter 1 201920.pdf (thurrock.gov.uk)

  • The value of each investment

See Cabinet papers above

  • The future annual income forecast at the time of purchase

See Cabinet papers above

Also Council budget papers details budgets for Treasury – links as below

01 Mar 2023 2023/24 Budget - Agenda for Council on Wednesday, 1st March, 2023, 7.00 pm | Thurrock Council

23 Feb 2022 - 2022/23 Budget Agenda for Council on Wednesday, 23rd February, 2022, 7.00 pm | Thurrock Council

24 Feb 2021 - 2021/22 Budget Agenda for Council on Wednesday, 24th February, 2021, 7.00 pm | Thurrock Council

26 Feb 2020 - 2020/21 Budget Agenda for Council on Wednesday, 26th February, 2020, 7.00 pm | Thurrock Council

27 Feb 2019 - 2019/20 Budget Agenda for Council on Wednesday, 27th February, 2019, 7.00 pm | Thurrock Council

  • The actual income received each year since the purchase, up until and including the 2022/23 financial year

Covered by the Cabinet and Council papers above

Investment details beyond what has been reported to members (as above) would compromise the Council’s position as it follows its Investment Divestment strategy – exemption applied on the grounds of commercial sensitivity.

Request reference:
FOI 13243