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This Vacancy has closed.

Independent Member

  • Employer: Uttlesford District Council (Essex)
  • Reference: UDCE/20/122231
  • Published: Thu 20/02/2020, 10:06 AM
  • Closing on: Fri 06/03/2020, 12:00 PM
  • Working Pattern: Flexible Hours
  • Hours: To be confirmed
  • Salary: £520.25 + expenses
  • DBS Check: No
  • Location: Saffron Walden, Essex

 

Uttlesford District Council Investment Board

Independent Member x 2

Salary - £520.25 per annum to include expenses

 

Uttlesford District Council is recruiting two Independent Members for its Investment Board to provide support and challenge as it develops its asset portfolio.

Central Government funding for local authorities has been reducing for many years. Councils such as Uttlesford are now in the position where they need to generate additional income from a variety of sources, including commercial property investment.

In 2017 the Council, through a wholly owned subsidiary, acquired a 50% share in Chesterford Research Park (CRP) in a joint venture partnership with Aviva Life and Pensions. This venture has proved extremely successful with a significant revenue receipt being received by the Council each year (approximately £1.7 million per annum after cost of borrowing).

In February 2020 the Council agreed, in principle, to an investment fund allocation of £300 million for further development at CRP and acquisition of other commercial investment opportunities elsewhere in the country.

The Council has established an Investment Board to guide and steer it through its acquisition process and to monitor the performance of its commercial portfolio. The Board is made up of elected councillors. The income raised from existing and future investments will be used to fully support the services currently provided by the Council to its residents.

As Independent Members of the Investment Board we are looking for people who will add to the strengths of the existing Board members, and support and challenge the Council as it develops its asset portfolio. Experience of property investment is essential, preferably as part of a business background at board level.

It is anticipated that the Board will formally meet quarterly; however there will also be the need for ad hoc meetings as investment opportunities arise. All meetings will be held in Saffron Walden.

For an informal discussion please contact Adrian Webb, Director of Finance and Corporate Services on 01799 510421.

If you are interested in this post submit your CV and any supporting documents to Human Resources at

Council Offices

London Road

Saffron Walden

Essex

CB11 4ER

or emailed to humanresources@uttlesford.gov.uk

Closing date for completed applications is midday on Friday 6 March 2020.

Interviews will be held on Wednesday 11 March 2020.

We positively welcome applicants from all sections of the community.

  • Employer: Uttlesford District Council (Essex)
  • Reference: UDCE/20/122231
  • Published: Thu 20/02/2020, 10:06 AM
  • Closing on: Fri 06/03/2020, 12:00 PM
  • Working Pattern: Flexible Hours
  • Hours: To be confirmed
  • Salary: £520.25 + expenses
  • DBS Check: No
  • Location: Saffron Walden, Essex

Vacancy Location