Issue - decisions

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.