Issue - meetings

Cabinet decided on 27 September 2023 to close BCP FuturePlaces Limited, the council’s arm’s length regeneration company, and bring in-house the development and investment activities of the company. The work and staff have since transferred to the council. This report requests Council to make changes to the company governance arrangements to align them with the requirements of the final closedown phase.

The Leader of the Council and Portfolio Holder for Dynamic Places presented a report, a copy of which had been circulated to each Member and a copy of which appears as Appendix 'B' to these Minutes in the Minute Book.

Council was advised that Cabinet decided on 27 September 2023 to close BCP FuturePlaces Limited, the council’s arm’s length regeneration company, and bring in-house the development and investment activities of the company.

In relation to this Council was advised that the work and staff have since transferred to the council and that this report requests Council to make changes to the company governance arrangements to align them with the requirements of the final closedown phase.

It is RESOLVED that: -

(a)          Council appoints Chris Shephard, Head of Operations Strategy, as a director of BCP FuturePlaces Limited

(b)           Council delegates to the Chief Executive, the appointment of any future directors of BCP FuturePlaces Limited

(c)          Council approves the amendments to the Articles of Association, Shareholder Agreement, and Terms of Reference as set out in paragraphs 10 - 12.

Voting: Nem.Con