Breckland Bridge Business Plan 2015-19
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
To re-approve the updated Breckland Bridge Ltd initial business plan 2015-2020.
Resolved that the updated Breckland Bridge Ltd initial business plan 2015-20 be re-approved.
Reasons for the decision:
The Council has contractually committed
to the delivery of the Mileham and Riverside projects and the
intention is to commit to the third project (Chapel Road,
Attleborough) as previously agreed in March 2015 when Council
approved entering into the joint venture.
Performance from the first three projects is as expected at this time and the
Forecast is that activity to enable completion of these projects will occur within the first 5 year period as planned.
Subject to the risks identified which continue to be monitored the overall return to the Council is still positive in terms of regeneration and financial outturn.
The intention of the partnership is to extend it beyond the initial business plan period and the updated business plan presented for approval is building the platform for that extension by preparing sites for a development pipeline. Therefore there is still potential for more delivery and growth in the future and the partnership is working well for the Council.
Alternative options considered:
To re-approve the updated Breckland Bridge Ltd initial business plan 2015-20.
Publication date: 16/03/2016
Date of decision: 15/03/2016
Decided at meeting: 15/03/2016 - Cabinet
Effective from: 24/03/2016