Decision Maker: Company Member Cabinet Committee
Decision status: Recommendations Approved
Is Key decision?: No
The report provides detail on the current
operation of the Lancashire Urban Development Fund and proposals
for future operation.
Exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A to the Local Government Act 1972. The report contains information relating to the financial or business affairs of any particular person (including the authority holding that information). It is considered that in all circumstances of the case the public interest in maintaining the exemption outweighs the public interest in disclosing the information.
The Committee considered a report which provided an update on the delivery of services by the Lancashire Urban Development Fund Limited and its subsidiary company Lancashire Urban Development Fund – SPV2 Limited.
Resolved: The Company Member Cabinet Committee
(i) Approved the Fund update.
(ii) Noted and approved the revised Urban Development Fund Investment Strategy; and
(iii) Approved that the Fund Manager role for the Urban Development Fund be undertaken by Lancashire County Council from 1st May 2025.
Corporate Priorities : zFormerPriority_Supporting economic growth;
Divisions Affected: (All Divisions);
Contact: Sean McGrath Email: sean.mcgrath@lancashire.gov.uk Tel: 01772 531053.
Report author: Sean McGrath
Date of decision: 16/12/2024
Decided at meeting: 16/12/2024 - Company Member Cabinet Committee
Accompanying Documents: