Issue - meetings
Formation of a Local Authority Trading Company (LATCo) – UPDATE
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
- Restricted enclosure 2 , View reasons restricted (14/2)
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.
(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.