Decision Maker: Shareholder Committee

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: July 15, 2025

Purpose:

Content: Shareholder Committee:   (1)            endorsed the Evolve Norse Business Plan for 2025/26 attached as Appendix 1 to the report; and   (2)            noted that the company provided the council with a forecast profit share (volume discount) of £66,000 for 2024/25, as well as delivering an overall gross operating profit of £126,000.   Options & Alternatives Considered Shareholder Committee has the option not to approve the 2025/26 Business Plan. Evolve Norse would be required to resubmit a further update for agreement and potentially would not be able to implement the outcomes of the Business Plan 2025/26 as per the terms of the Shareholders Agreement.