Issue - meetings
Medway Commercial Group Ltd Six Monthly Report
Meeting: 04/02/2020 - Cabinet (Item 12)
12 Medway Commercial Group - Six Monthly Progress Report and Business Plan Adoption 
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Additional documents:
Minutes:
Background:
This report provided details of a six month progress report on the Medway Commercial Group (MCG) Limited’s performance, as set out in section 3 of the report and also detailed MCG’s Business Plan for the next three financial years, which was attached as an exempt appendix to the report.
The Business Support Overview and Scrutiny Committee considered the report at its meeting on 30 January 2020 and its comments and a recommendation were set out in an addendum report.
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Decision number:
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Decision:
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The Cabinet noted the comments of the Business Support Overview and Scrutiny Committee, as set out in the addendum report.
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The Cabinet noted the six monthly performance report for MCG, as set out in section 3 of the report. |
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31/2020 |
The Cabinet approved the MCG Business Plan for the next three financial years from 2020/21, as set out in the Exempt Appendix to the report. |
Reasons:
When Cabinet agreed to establish MCG it was also agreed that regular monitoring reports would be provided to Cabinet and as Medway Council is the single shareholder of MCG it is a responsibility of Cabinet to approve the Business Plan.