Decision details

Breckland Bridge Business Plan 2015-19

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To re-approve the updated Breckland Bridge Ltd initial business plan 2015-2020.

Decision:

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

Accompanying Documents: