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: For Determination

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

Agenda items

Documents

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