Decision details

Establishment of Local Authority Economic Development Company

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decisions:

The subject of the decision:

 

This report sought approval to investigate the potential establishment of a Council controlled company for the purpose of economic development.

 

Alternative options considered:

 

None.

 

The reason for the decision:

 

Cabinet was satisfied with the proposal and that an investigation into the establishment of a Local Asset Backed Vehicle be undertaken.

 

THE DECISION:

 

That an investigation into the establishment of a Local Asset Backed Vehicle be approved and that £25,000 for this purpose be allocated from the One-Off Fund.

Reason Key: Affects more than 2 wards;

Wards Affected: (All Wards);

Other reasons / organisations consulted

None

Consultees

None

Contact: Justin Ives, Chief Executive Email: justin.ives@hambleton.gov.uk.

Report author: Justin Ives

Publication date: 12/06/2014

Date of decision: 10/06/2014

Decided at meeting: 10/06/2014 - Cabinet

Effective from: 24/06/2014

Accompanying Documents: