Decision details

Creating a Local Authority Owned Trading Company

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Approval will be sought in principle for the council to establish a wholly owned company for communications services.The formation of the company should allow the council to explore trading in a way that optimises the potential of its resources as well as potentially contributing to the medium term financial planning and wider efficiency agenda.

Decision:

Cabinet agrees in principle to the establishment of a company which would be limited by shares and owned wholly by the council.

 

Cabinet notes that a further report will be brought forward at the earliest opportunity outlining governance and board membership arrangements as well as a business case for the company before any trading activity commences.

Report author: Phil Jones

Publication date: 16/01/2014

Date of decision: 15/01/2014

Decided at meeting: 15/01/2014 - Cabinet

Accompanying Documents: