Members of the public are welcome to attend our meetings to watch them in person at any of the venues across the County. Publicly accessible meetings held in County Hall will be webcast, which means they are available to be watched live or recorded on our website. Please see our webcasting notice here. The Committee may, in certain circumstances, resolve to hold part of the meeting in private. If this is the case, you will be required to leave the meeting.
Venue: Committee Room 'B' - The Diamond Jubilee Room, County Hall, Preston
Contact: Andy Milroy, Democratic Services Manager (Companies)
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Apologies for Absence Minutes: There were no apologies for absence. |
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Disclosure of Pecuniary and Non-Pecuniary Interests Members are asked to consider any Pecuniary and Non-Pecuniary Interests they may have to disclose to the meeting in relation to matters under consideration on the Agenda. Minutes: None |
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Minutes of the Meeting held on 19th September 2024 Minutes: Resolved: that the minutes of the meeting held on 19th September 2024 be approved as an accurate record and signed by the Chair. |
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Company Member Cabinet Committee - Work Programme 2024/25 Additional documents: Minutes: The Committee considered a report setting out the updated work programme of the Company Member Cabinet Committee for 2024 / 25. It was noted that in addition to the company updates a new company directors conflict of interest protocol was being developed with it anticipated that this would be submitted to the March 2025 Committee meeting for approval with it requested that appropriate training be provided for directors once the protocol is finalised.
Resolved: that the updated work programme for 2024/25 be approved. |
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Urgent Business An item of urgent business may only be considered under this heading where, by reason of special circumstances to be recorded in the Minutes, the Chair of the meeting is of the opinion that the item should be considered at the meeting as a matter of urgency. Wherever possible, the Chief Executive should be given advance warning of any Member’s intention to raise a matter under this heading. Minutes: None |
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Date of Next Meeting The next meeting of the Company Member Cabinet Committee will be held on Thursday 20th March 2025 at 2pm in Committee Room 'B' – The Diamond Jubilee Room, County Hall, Preston. Minutes: It was noted that the next meeting of the Company Member Cabinet Committee will be held on Thursday 20th March 2025 at 2pm in Committee Room 'B' – The Diamond Jubilee Room, County Hall, Preston. |
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Notice of Intention to Conduct Business in Private Minutes: The Committee noted the Notice of Intention to Conduct Business In Private and that no representations had been received. |
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Exclusion of Press and Public The Cabinet Committee is asked to consider whether, under Section 100A(4) of the Local Government Act 1972, it considers that the public should be excluded from the meeting during consideration of the following items of business on the grounds that there would be a likely disclosure of exempt information as defined in the appropriate paragraph of Part I of Schedule 12A to the Local Government Act 1972 as indicated against the heading to the item. Minutes: Resolved: that under Section 100A(4) of the Local Government Act 1972, the press and public should be excluded from the meeting during the consideration of the following items of business on the grounds that there would be a likely disclosure of exempt information as defined in the appropriate paragraph of Part I of Scheduled 12A to the Local Government Act 1972. |
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Lancashire Urban Development Fund Company Update
Minutes: 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. |
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Lancashire County Developments Ltd Half Yearly Update Report Minutes: 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 Lancashire County Developments Limited and its subsidiary company Lancashire County Developments (Property) Limited.
Resolved: The Company Member Cabinet Committee
(i) Approved the half year update for the company as set out.
(ii) Agreed that the Lancashire County Developments Limited Board continue to manage the overall affairs of the company and request that the Board continue to address the Rosebud Management Contract, setting an end date to the informal progress currently being undertaken, and requested that the relevant Lancashire County Council Cabinet Portfolio Holders be kept informed on progress and any other significant issues with the company. |