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.