Decision details

Bournemouth Development Company LLP Business Plan

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve the five year BDC Business Plan (March 2020 – March 2025)

Decision:

RESOLVED that Cabinet:-

(a)          Approves the updated BDC Business Plan, a copy of which is set out at Appendix 3;

(b)          Agrees a principle that any BCP profit within the BDC partnership shall only be withdrawn pursuant to a Cabinet decision; and

(c)          Requests Officers to advise Cabinet whether under the BDC partnership agreement the Council can secure a commitment to retain a significant proportion of profit within the BDC partnership to be used as reserves for general working capital and reinvestment for progression and delivery of schemes listed in the Business Plan.

Voting: Unanimous

Portfolio Holder: Regeneration and Culture

Reason

The BDC Business Plan sets out the strategic direction of BDC over the next five years, with a particular emphasis on the development activity BDC will undertake during 2020/21. The Council has reserved the right for Cabinet to approve the annually updated BDC business plan which highlights the next steps to be undertaken on sites which are currently in the development phase

and those which are earmarked for development but yet to enter the development cycle.

Report author: Martin Tiffin

Publication date: 29/05/2020

Date of decision: 27/05/2020

Decided at meeting: 27/05/2020 - Cabinet

Effective from: 06/06/2020

Accompanying Documents: