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To recommend that the UK Municipal Bonds Agency (UKMBA) Framework Agreement is approved
Decision type: Key
Reason Key: Executive Proposals: Not in accordance with the policy framework or annual budget;
Decision status: Recommendations Approved
Notice of proposed decision first published: 24/08/2021
Decision due: 11 Oct 2021 by Executive Councillor for Transformation
Lead member: Executive Councillor for Transformation
Department: Finance
Contact: Caroline Ryba, Chief Financial Officer Email: caroline.ryba@cambridge.gov.uk.
Additional Information: This is a key item and will automatically appear on the agenda.
Background Information: The council will need to borrow to fund capital expenditure in future years. The report provides information on borrowing options available through the UKMBA and recommends that the UKMBA Framework Agreement is approved, enabling the council to borrow from the Agency, if required.
