Social Value Ideas for Carmarthenshire County Council

Rebalance into credit

The board agreed a rebalancing proposal to sell £170m of equities from the WPP Global Growth Fund, move £130m into the WPP Global Credit Fund, and hold £40m cash to meet expected capital calls. This w…

“So, this rebalancing proposal was presented to the committee earlier this month, again by Adrian, the independent advisor to the fund, and is recommen…”

Carbon reduction progress

The fund’s weighted average carbon intensity has fallen from 162 to 61 since September 2020, exceeding the 7% annual reduction goal aligned to the Paris Agreement. Members asked for wider communicatio…

“So, if I just take the board briefly through the waterfall chart, which you can find at page H3 of the pack, and if I start on the left and work to th…”

IMCo transition timetable

Chris gave a detailed update on the Wales Pension Partnership investment management company transition. FCA approval had been received in principle, shareholders’ agreements and articles were being ex…

“So within your papers, you do have the quarter three review paper. There is the operator update and the performance figures. There, the reference to r…”

Fire service authority nomination approved

Council approved a Labour group nomination replacing the representative on the Mid and West Wales Fire and Rescue Authority.

“To approve the following change in membership to outside bodies, the Labour group has nominated Councillor Mr Evans to replace Councillor Tina Higgins…”

New co-opted standards members

Council approved the appointment of two new co-opted independent members to the Standards Committee following resignations. The recruitment process used advertising and interviews, and Julie James and…

“Article 9 of the Council's constitution states that the Standards Committee has a total of nine members, and five of whom are co -opted independent me…”

School budget deficit crisis

The education service reported a £7.4m overspend for 2025-26 and a net school deficit balance of £9.5m. Officers warned that without rapid improvement they may need tighter financial controls and pote…

“The out -turn for the budget is an overspend of 7 .4 million, which is actually a million -pound improvement from the February monitoring forecast, wh…”

School deficits threaten sustainability

School budgets were described as structurally unsustainable, with 79 of 108 schools overspending and aggregate deficits growing sharply. The Section 151 Officer said the council needs a clear plan bef…

“Now, in particular, and I know this committee has actually raised concerns before, and it is of particular challenges, the schools budget has, and sch…”