When is a wifi investment not an investment?

We have been told repeatedly by Mr Bluh that Swindon Borough Council’s decision to give Digital City a loan of almost £½M of our money was an ‘investment decision’. Indeed, the powers under which the decision was made with the involvement of most of the council’s cabinet were delegated powers for investment decisions. So it is rather surprising that the council has recently provided the following response to a Freedom of Information request.

Council officers were not asked to investigate possible investment into Digital City (UK) Limited. Officers were only asked to consider the provision of a loan.

So if in the council’s now stated view this was not an investment, how legally could the decision to make the loan have been made under delegated powers applying only to investment decisions?