Decision details

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Overview of performance to date against 20/21 Business Plan and draft Business Plan 2022 to 2025.

Decision:

Aylesbury Vale Estates (AVE) had been formed in 2009 as a 20-year Joint Limited Partnership (JLP), following a 15-month full OJEU procurement process.   It was a 50-50 partnership between the Council and private investors who collectively formed Akeman Partnership LLP.  Akeman Asset Management provided the day to day management of the portfolio with the ‘Board’ meeting formally every quarter with more informal monthly interim meetings.

 

AVE was required to present a rolling three year business plan for comment and sign-off by the Council as 50% shareholder.  Cabinet received a report and accompanying business plan which set out the strategy for achieving the core objectives of AVE (as agreed in 2009), during the plan period.  The detail of the plan was focused on the first year i.e. 2022/2023.  The strategy for years 2023/2024 and 2024/2025, would be kept under review to enable new opportunities and challenges to be responded to.  The report also summarised the performance to date in the current financial year.

 

RESOLVED –

 

(1)               That the performance of AVE against the current Business Plan and for the current financial year be noted.

(2)               That the AVE Board be asked to consider the comments made at this meeting on their strategy and business plan, in finalising their Business Plan for 2022-25.

Details of any conflict of interest declared: Councillors S Bowles and P Strachan declared a pecuniary interest as Aylesbury Vale Estates Board Members and left the meeting while this matter was discussed. Councillor M Winn declared a personal interest as he had recently called-in a planning application submitted by AVE to the Central Bucks Area Planning Committee and left the meeting while this matter was discussed.

Contact: John Reed Email: John.Reed@buckinghamshire.gov.uk.

Report author: Teresa Lane

Publication date: 06/01/2022

Date of decision: 06/01/2022

Decided at meeting: 06/01/2022 - Cabinet

Effective from: 13/01/2022

Accompanying Documents: