Commercial Strategy 2018-2021 - FEB19/CAB/83
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Cabinet considered the report and RESOLVED to endorse the proposed Commercial Strategy 2018-2021 for consideration by the Joint meeting of the Scrutiny Committees.
Reasons for the decision:
A Commercial Strategy and workplan is needed to build on existing initiatives, increasing the pace of portfolio development to ensure that commercial income makes a significant contribution to the Council’s budget.
Alternative options considered:
The Council has been exploring strategies for achieving a balanced budget and options which included a range of commercial targets have been modelled alongside efficiency savings and service reductions.
As part of the development of the Commercial Strategy, the working group consider a range of options including alternative delivery models, acquisition and investment, contracts and procurement and trading income. The resulting Strategy proposes a mixed portfolio of commercial activity with ambitious but deliverable targets.
Interests and Nature of Interests Declared:
Publication date: 04/02/2019
Date of decision: 04/02/2019
Decided at meeting: 04/02/2019 - Cabinet