Cabinet recommends to Council to approve the updated Breckland Bridge Ltd business plan for 2023 - 2028.

The main reasons for approving the business plan are as follows:

·         Overall performance of the partnership is good with three successfully delivered projects, further activity to churn the small sites and wider property development support and advice received from the partnership. 

·         The next business plan is viable, based on the assumptions upon which it has been modelled and providing the risks are managed and the controls embedded within the legal documentation are adhered to. 

·         There are added benefits to being in the partnership and the business plan is delivery focused.  This does not lose the flexibility of receiving services from the partnership as required and the ability to access additional property development expertise and skills efficiently.

·         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. 

Option 1: Cabinet recommends to Council to approve the updated Breckland Bridge Ltd business plan for 2023-2028.

Option 2: Cabinet does not recommend to Council to approve the updated Breckland Bridge Ltd business plan for 2023-2028.