Decision details

Medway NHS LIFT (Local Improvement Finance Trust)

Decision Maker: Cabinet

Decision status: Decision made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report will seek approval to sign up to LIFT.

Decision:

Please see attached record of decisions

Reasons for the decision:

The establishment of LIFT Co presents a significant opportunity to improve public sector services in Medway as well as a regeneration opportunity that is complementary to other regeneration initiatives in Medway. There is therefore a significant advantage to be gained from the Council being actively involved in LIFT Co.
LIFT Co needs to be regarded as a property development and management company from which the Council could benefit from having both a stakeholding and a shareholding - albeit a small minority holding.

Publication date: 30/03/2004

Date of decision: 30/03/2004

Decided at meeting: 30/03/2004 - Cabinet

Effective from: 09/04/2004

Accompanying Documents: