Haringey Council has come under fire for its decision to set sail once again for a real estate fair in Cannes.

Cabinet members have signed off on a budget of £30,000 for representatives of the council to visit the French Riviera, as part of MIPIM international property investment show.

Described in its marketing material as an “exclusive networking platform,” where clients can “pack a year’s worth of marketing into four intensive days,” the MIPIM event takes place in March next year.

This is the third time that Haringey has signed up, and it hopes to secure investments for the borough.

Last year, Haringey raised £15,000 in sponsorship to help cover the £30,000 bill, including from Tottenham Hotspur, ISIS – a specialist company developing urban waterfronts – Grainger, Mace, Lee Valley Estates and St James.

Cllr Claire Kober, leader of the council and Cllr Alan Strickland, cabinet member for regeneration and housing attended last time, but it is not yet confirmed if they will go next year.

“It is wrong to send people off to a posh conference in Cannes using local taxpayers’ money when services for children and older people are being cut,” said Cllr Gail Engert.

A Haringey Council spokesman said: “Events like MIPIM are a unique opportunity to showcase Haringey’s huge potential to the world’s leading investors and demonstrate why they should invest in our borough.”