Issue - meetings

Formation of a Local Authority Trading Company (LATCo) – UPDATE

Meeting: 04/11/2019 - Commercial Services Cabinet Committee (Item 14)

Formation of a Local Authority Trading Company (LATCo) – Update

To provide Members of the Commercial Services Cabinet Committee with an update on the progress that is being made in forming a Local Authority Trading Company for Gravesham Borough Council, and to present a draft business case template for Members comment and consideration

Additional documents:

Minutes:

The Committee was given an update on the progress being made in the forming of a Local Authority Trading Company (LATCo) for the Borough Council. Members were also presented with a draft business case template for consideration and comment.

A general discussion took place during which Members made several suggestions regarding potential additions and amendments to the business case template. Officers agreed to discuss a number of the points raised with both internal legal officers and the Council’s external legal advisors before submitting a revised template as part of the LATCo report to a meeting of Cabinet in December.

Resolved that:

(1)          The progress being made on the formation of the Local Authority Trading Company be noted: and

(2)          The comments made by the Commercial Services Cabinet Committee in relation to the draft business case template are presented to Cabinet and Full Council.