Purpose

Annual
Cornwall Housing, Treveth and Celtic
Sea Power Business Plans.

Content

DECISION:
 
RESOLVED:
 
1. 
That the Cornwall Housing Four Year Business Plan
for 2024-28, attached to the report as Appendix 1, be
approved.
 
2. 
That the Treveth Four
Year Business Plan for 2024-28, attached to the report as Appendix
3 and exempt Appendix 4, be approved.
 
3. 
That approval be given for Treveth to utilise an agreed amount (as shown in
exempt appendix 4) of its existing approved capital expenditure
as an ‘opportunity pot’ for potential
schemes that Treveth is currently
engaged in reviewing, either with prospective tenants or in
partnership with the Council which may crystalise and require quick approval and that
authority be delegated to the Strategic Director for Sustainable
Growth and Development, in consultation with the Portfolio Holder
for Resources, the Section 151 Officer and the Monitoring Officer,
to make decisions in relation to the opportunity pot
allocation.
 
4. 
That the Celtic Sea Power Four Year Business Plan
for 2024-28, attached to the report as Appendix 6 and exempt
Appendix 7, be approved.
 
5. 
That up to £1.2m of funding from the BEIS
dowry funds held in the Place and Green Growth reserve be released
to support the operation of Celtic Sea Power Ltd in
2024/25.
 
6. 
That a maximum of £3.2m over the four-year business plan period be approved to fund the
ongoing operation of Celtic Sea Power Ltd to ensure it can deliver
the outcomes stated in its business plan with the funding to be
released in stages from the BEIS dowry funding held in the Place
and Green Growth Reserve and being dependent on the forecast budget
for each financial year brought forward for approval to Cabinet in
the March preceding each financial year.
 

 
Reason for the Decision: 
 
As contained within the
report.
 
Alternative options considered:
 
None other than contained
within the report.
 
Conflicts of interest declared:
 
None.
 
Dispensations granted in respect of a conflict of
interest:
 
N/A