Issue - meetings

To provide an update for Councillors on the progress of EM Devco Ltd, of which this Council is a founder shareholder.

The Sub-Committee received an update on the Em Devco Ltd.

The local authority shareholders and funding partners including this Council, invested £1.5m in the previous financial year to ensure the Devco project got off the ground. The government matched funded that with an investment of £1.62m, and has committed the same amount in the current financial year. Nottinghamshire County Council, Broxtowe and Rushcliffe have already committed their agreed investment for the current financial year.

          RESOLVED that:

1.    That further information is gained regarding “early win” projects and the need for the EM Devco Ltd to provide tangible projects.

2.    Encourage further engagement with Neighbourhood forums.