Agenda item

The Managing Director of Make it York will present a business update for Make it York, including a review of performance against the 2015-18 Service Level Agreement (SLA) and an overview of plans after June 2018, when a new 3-year SLA will come into operation.

The Managing Director of Make it York (MIY) presented a business update for MIY, including a review of performance against the 2015-18 service level agreement and an overview of plans after June 2018, when a new SLA would come into operation.

In response to Members’ questions, the Managing Director of MIY stated that:

·        Some projects were profit making and some were loss making, resulting in an overall budget balance.

·        The cost for the Yorkpass technology ended the following year.

·        Salary costs would not decrease in the next period.

·        MIY would like to see more traders and local businesses in the Shambles Market.

Resolved:  That the annual budget for Make it York be approved.

Reason:     As required under the Shareholder Agreement.