Issue details

Limited Liability Partnership (LLP)

To seek Cabinet approval to create a Limited Liiabilty Partnership (LLP) between Swale Borough Council and Public Sector Plc to be used as a vehicle to unlock regeneration, assist the Council's asset management, offer an alternative to normal market disposal, and other potential individual asset arrangements enabling the Council to share in development profit, provide an additional option for its assets and land holdings, and maximise the Council's capital and revenue funding streams. The report is presented in two parts. The public report incorporates all the information that is considered appropriate to place in the public domain in order to inform the decision of members. The exempt report is considered necessary to deal with certain matters on a confidential basis in order to maintain commercial confidentiality. Once the partnership is established it would look for opportunities to pursue property related projects in the borough. The LLP itself is not a developer of property but a facilitator, acting as a forum to bring together expertise and ideas about the potential use of property assets, and then through agreed procedures approving projects to proceed.

Decision type: Key

Reason Key: Key;

Decision status: For Determination

Notice of proposed decision first published: 30/06/2016

Anticipated restriction: Part exempt  - View reasons

Decision due: 7 Sep 2016 by Cabinet - Decommissioned 18.05.2022

Lead member: Councillor Roger Truelove - Leader and Cabinet Member for Finance

Department: Finance Department

Contact: Mark Radford.