Decision details
Approval of Aequus Business Plan – 2020/21 to 2022/23
Decision Maker: Council Leader
Decision status: Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
In accordance with the Shareholder Agreement
for the Council’s wholly owned property and development
company, Aequus Developments Limited (ADL) and its subsidiary,
Aequus Construction Limited (ACL) – this report presents the
Aequus Business Plan for 2020/21 to 2022/23 for Shareholder
approval.
Decision:
The Leader (as Shareholder) agrees the Aequus Business Plan for 2020/21 to 2022/23 as contained in the associated report.
Reasons for the decision:
The Business Plan is a key commercial document required under the Shareholder Agreement reserved matters to be approved by the Shareholder. It provides the company with ability to progress with delivery to achieve the Shareholder objectives in line with the Business Plan - the key elements of which include: Mission Statement; Company Objectives & Achievements; Delivery Strategy; Planned Programme Activity; Financial Projections; Key Dependencies and Governance.
Alternative options considered:
No other options considered given the requirement for an agreed Business Plan in accordance with the Shareholder Agreement.
Publication date: 21/07/2021
Date of decision: 21/07/2021
Accompanying Documents:
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