Agenda and draft minutes

Cabinet Sub Committee (Medway Development Company Ltd Shareholder Board) - Tuesday, 8 September 2026 6.00pm

Venue: St George's Centre, Pembroke, Chatham Maritime, Chatham ME4 4UH. View directions

Contact: Nicola Couchman - Democratic Services Officer 

Media

Items
No. Item

1.

Apologies for absence

Minutes:

An apology for absence was received from Councillor Mahil.

 

2.

Record of Decisions pdf icon PDF 162 KB

Minutes:

The record of the meeting held on 23 June 2026 was agreed by the Sub Committee and signed by the Chairperson as correct.

3.

Declarations of Disclosable Pecuniary Interests and Other Significant Interests pdf icon PDF 371 KB

Minutes:

Disclosable pecuniary interests

There were none.  

 

Other significant interests (OSIs)

There were none.

 

Other interests

There were none.

4.

Exclusion of the Press and Public pdf icon PDF 135 KB

Additional documents:

Minutes:

Decision

number:

 

Decision:

 

 

The Committee agreed that the press and public be excluded from the meeting during the consideration of the exempt material relating to agenda item 4 under section 100A (4) of the Local Government Act 1972, because consideration of these matters in public would disclose exempt information as defined by Schedule 12A, paragraph 3-Information relating to financial or business affairs of any particular person (including the authority holding that information) as specified in agenda item 5 and, in all the circumstances of the case, the Committee considered that the public interest in maintaining the exemption outweighed the public interest in disclosing the information

 

5.

Business Plan Progress Update pdf icon PDF 123 KB

Minutes:

This report provided an overview of the progress made against the approved MDC Business Plan as well as Key Performance Indicator (KPIs) targets and the report provided updated financial monitoring and risk registers.

 

The Company had submitted an update on the financial overview (contained within the Exempt Appendix 1 to the report) and progress against the KPIs (contained within Exempt Appendix 2) to the report for consideration by the Sub Committee.

 

The Sub Committee were updated on progress with the Strood Civic site, Mountbatten House and Upper Mount car park.

 

The Sub Committee were informed that demolition works had now commenced on the Brook Multi-Storey car park and the demolition was expected to be completed towards the end of the calendar year.

 

The Company updated the Sub Committee on the Apprenticeship Scheme. Members requested further information on the dropout rate between expressing an interest and participating so that any barriers could be identified. The Company agreed to look into this and report back to Members.

 

Decision

number:

 

Decision:

 

6/2026

 

 

 

7/2026

The Sub Committee noted the updates provided in the report and Exempt Appendices and agreed to recommendations 1 to 4 as outlined in Section 6 of Exempt Appendix 1 and recommendation 5 as amended.

The Sub Committee agreed to defer recommendations 6 and 7 as outlined in Section 6 of Exempt Appendix 1 until further information can be provided.

Reasons:

 

In order for the Company to fulfil its purpose, the Shareholder should monitor progress of its objectives against the Business Plan. In order to fulfil its role as shareholder, on behalf of the Council, the Sub Committee must be appraised of the financial performance and position of the Company and regularly updated regarding the risks affecting the Company and its activity and action being undertaken to manage those risks.