Breckland Bridge Business Plan Update
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Approve the updated Breckland Bridge Ltd
Business Plan 2018 - 2023
Cabinet recommends to Council to approve the updated Breckland Bridge Ltd Business Plan for 2018 - 2023.
Reasons for the decision:
Overall performance of activity is good. The Riverside project is now complete having started in 2015 and reaching completion in October 2016. Breckland Bridge Ltd successfully delivered this scheme on time and as per the authorised budget. The second project, Mileham Phase 1 houses were constructed and all sold or under offer and the scheme is reporting a surplus overall. The third project in Attleborough has achieved planning permission and is planned for delivery within the first five year period of the partnership. All project activity is due to complete by 2019 and therefore within the first 5 year period of the partnership 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.
Alternative options considered:
Option 1: Cabinet recommends to Council to approve the updated Breckland Bridge Ltd Business Plan for 2018-2023 as set out in appendices A to D.
Option 2: Cabinet does not recommend to Council to approve the updated Breckland Bridge Ltd initial Business Plan for 2017-2022 as set out in appendices A to D.
Report author: Ralph Burton
Publication date: 13/06/2018
Date of decision: 12/06/2018
Decided at meeting: 12/06/2018 - Cabinet
Effective from: 21/06/2018