Agenda item

DEVELOPMENT CORPORATION UPDATE

To update Councillors on progress relating to the setting up of an interim vehicle for the East Midlands Development Corporation and request approvals to proceed to the next steps set out in the recommendations.

 

Minutes:

Members were updated on progress relating to the setting up of an interim vehicle for the East Midlands Development Corporation. Alongside the opportunity, the investment would bring along with jobs and strategic growth to the area. Councillors were asked to confirm that Councillor M Radulovic MBE as the shareholder representative on the Oversight Board and the Chief Executive as the officer director for the independent board which is accountable to the oversight board be appointed.

 

 A recorded vote was proposed by Councillor M Radulovic MBE and seconded by a minimum of five other Councillors. The voting was as follows:

 

For

Against

Abstention

E H Atherton

L Fletcher

D Pringle

D Bagshaw

 

 

S A Bagshaw

 

 

L A Ball BEM

 

 

B C Carr

 

 

S J Carr

 

 

M J Crow

 

 

E Cubley

 

 

T A Cullen

 

 

S Easom

 

 

D A Elliott

 

 

J C Goold

 

 

D Grindell

 

 

T Hallam

 

 

R I Jackson

 

 

E Kerry

 

 

S Kerry

 

 

H G Khaled MBE

 

 

L A Lally

 

 

P Lally

 

 

H Land

 

 

G Marshall

 

 

J W McGrath

 

 

J M Owen

 

 

P J Owen

 

 

J Parker

 

 

J C Patrick

 

 

M Radulovic MBE

 

 

T Roberts-Thomson

 

 

R S Robinson

 

 

P D Simpson

 

 

H E Skinner

 

 

C M Tideswell

 

 

I L Tyler

 

 

D K Watts

 

 

E Williamson

 

 

R D Willimott

 

 

 

 

            The Committee NOTED the appendices 1, 2 and 3 of the report and RESOLVED that;

 

1.   Councillor M Radulovic MBE be appointed as the Councils shareholder representative on the Oversight Body for the Interim Vehicle with the Chief Executive as the office director on the independent board.

 

2.   The Council’s funding profile for the interim vehicle be revised to £167,000 in 2021/22, £167,000 in 2022/23 and £166,000 in 2023/24 with funding commencing from 1 April to enable the incorporation of the interim vehicle.

Supporting documents: