Issue details

Creating a Local Authority Owned Trading Company

To seek Cabinet approval to formally establish a wholly owned trading company for communications services.
The proposed company will be limited by shares and owned wholly by the council.
To seek Cabinet approval for governance and board membership proposals outlined in the business case lilnked to the report.

Decision type: Key

Reason Key: Affects more than 2 ward;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 16/05/2014

Explanation of anticipated restriction:
Appendix B is exempt as it contains commercially sensitive information which, if publicly available, would put the council at a disadvantage in seeking external work.

Decision due: 23 Jul 2014 by Cabinet

Lead member: Cabinet Portfolio Holder - Community Safety and Wellbeing

Lead director: Chief Executive

Contact: Phil Jones, Head of Communications Phil Jones 01782 742271 Email: phil.jones@newcastle-staffs.gov.uk.

Spend required/saving generated: It is proposed that the company will generate income for the borough council.

Likely Date of Decision: July 2014

Decisions

Agenda items