Issue - meetings

This report follows earlier reports to Cabinet on this new organisation and updates Members on progress made to date. It also asks for agreement on the financial elements of the business plan and reports on work towards establishing the legal framework of the company, following which a further report will be issued. 

Resolved:  That Cabinet agree to:         

(i)           The financial elements of the Business Plan, at Annex 1 of the report, as a basis for establishing the new company ‘Make it York’

(ii)          Require the Director of Communities and Neighbourhoods and the Director of Customer and Business Support Services, in consultation with the Leader, to produce a further report on the governance and outcomes of the legal process in March 2015.

Reason:     To provide Members with a follow up to earlier Cabinet reports and the financial details of the business plan to ensure that Members are aware of the progress to date in respect of the new organisation.  

Members considered a report which asked Cabinet to agree the financial elements of the business plan for the new organisation, Make it York set up to develop a new approach to delivering marketing, culture, tourism and business development in the city.

Members were pleased to note the progress made since the October Cabinet meeting and their attention was drawn to the financial risks which could impact on the business plan. It was also noted that work would continue towards the establishment of the legal framework of the company following which a further report would be submitted for consideration.

Officers confirmed that the Make it York Board had met twice to consider the business plan at Annex A which covered a 3 year period and it was noted that cautious assumptions for income and expenditure had been made for the early years in business.

Members referred to the importance of the body to the business community from which they had already received a high level of support.

Resolved:  That Cabinet agree to:         

(i)           The financial elements of the Business Plan, at Annex 1 of the report, as a basis for establishing the new company ‘Make it York’

(ii)          Require the Director of Communities and Neighbourhoods and the Director of Customer and Business Support Services, in consultation with the Leader, to produce a further report on the governance and outcomes of the legal process in March 2015. ^1.

Reason:     To provide Members with a follow up to earlier Cabinet reports and the financial details of the business plan to ensure that Members are aware of the progress to date in respect of the new organisation.