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Contact: Rebecca Greally
EXCLUSION OF PRESS AND PUBLIC
The Committee is invited to consider passing the following resolution:
(a) That under Section 100A (4) of the Local Government Act 1972, the press and public be excluded from the meeting during consideration of the following item on the Agenda as it involves the likely disclosure of exempt information as defined in Part I of Schedule 12A of the 1972 Act, and
(b) That the public interest in maintaining the exemption outweighs the public interest in disclosure for the following reasons:-
Agenda Items Paragraph of Part I of Schedule 12A
(a) under Section 100A (4) of the Local Government Act 1972, the press and public be excluded from the meeting during consideration of the?following item on the?Agenda?as it involves the likely disclosure of exempt information as defined in Part I of Schedule 12A of the 1972 Act, and??
(b) the public interest in maintaining the exemption outweighs the public interest in disclosure for the following reasons:-
NORTHUMBERLAND ENTERPRISE HOLDINGS LIMITED REPORT
The purpose of this report is to provide a summary of the position of Northumberland Enterprise Holdings Ltd (NEHL) and its initial subsidiary company Northumberland Integrated Consultancy Limited, authorise actions required to execute the Council approved acquisition of shares in NEHL, highlight areas where decisions or other approvals are needed and make mention of proposals for further associated subsidiary companies. (Report is enclosed as Appendix A)
Daljit Lally, Chief Executive presented this report to the Committee. Jan Willis, Executive Director Finance and 151 Officer and Maureen Taylor Director of Business Development and Communities were also in attendance to respond to questions from the Committee, together with Councillor Richard Wearmouth, Deputy Leader and Portfolio Holder for Corporate Services.
Members supported proposals that would lead to income generation which could be either paid to the Council’s general fund as a dividend or reinvested to support older and/or vulnerable residents or initiatives that prioritised the needs of residents in the county.
The Committee sought clarification on governance. It was agreed that a summary showing a breakdown of the annual figures since 2016/17 would be provided to the Committee, noting that the information must remain confidential. Members also agreed that that information be presented to the Cabinet, together with further recommendations regarding providing the Committee and Cabinet with a cash flow and profit and loss forecast, legal clarifications, and a suggested amendment to governance prior to determination of the report.
The Committee therefore RESOLVED to advise the Cabinet?of the issues raised above and to consider the additional recommendations?as agreed.