Issue details

Commercialisation of Beach Hut Assets through Special Purpose Vehicle (SPV) Wholly or Majority Owned by the Council

To present options for approval for transferring in-scope beach hut assets across to an SPV subsidiary created by the Council as parent company.

Decision type: Key

Reason Key: Expenditure > £500,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 01/04/2022

Decision due: 7 Sep 2022 by Cabinet

Decision due: 13 Sep 2022 by Council

Lead member: Leader of the Council and Portfolio Holder for Finance and Transformation

Lead director: Chief Operations Officer

Contact: Chris Saunders, Acting Service Director Destination & Culture Email: chris.saunders@bcpcouncil.gov.uk.

Consultation process

Engagement through communications with Beach Huts Associations and attendance at Beach Hut Association AGM's.

Consultees

Beach Hut Associations

Commercialisation of Beach Hut Assets through Special Purpose Vehicle (SPV) Wholly or Majority Owned by the Council