Decision details

The Assistant Director: Law and Governance submitted an exempt report which summarised the Graven Hill 2018/19 Business Plan and Budget.

The Managing Director, Graven Hill Village Development Company, explained that the Business Plan was in the same format that had been used since the company was founded and circulated a presentation which gave an overview of sales to date; income; challenges / risk; and, opportunities. The Committee was advised that the Company had been ambitious about what it could deliver in 2018/19 but was now more informed and this would be reflected in the 2019/20 business plan.

Ian Corkin, Non-Executive Director of the Graven Hill Development Company, addressed the Committee explaining that the shareholder could have confidence that the business plan was closely watched and monitored and lessons learned would be picked up in the 2019/20 business plan.

Resolved

(1)            That the Graven Hill 2018/19 Business Plan and Budget be noted.