Decision details

To approve Ubico Business Plan 2018-2019

Decision Maker: Leader

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

At the Ubico Board of Directors meeting on 9th May 2018, the Directors of Ubico considered and approved the Ubico business plan for 2018/19.

 

Broadly the proposals contained in the 2018/19 business plan focus on the following themes:

  • Greater commercialisation of existing services, including the delivery of Trade Waste
  • Advice & Consultancy
  • Expanding Fleet Operations

 

To respond to this, Ubico has included potential investment proposals within the 2018-19 Business Plan to develop areas of the business that have been identified as having potential to deliver greater value for shareholders.

 

It is requested that each shareholder put forward an initial investment of £15,000 so that appropriate work can be undertaken to develop appropriate and detailed business cases to be presented back to Board and shareholders as part of the 2018/19 Business Plan.

 

The council’s contribution will be met from an earmarked reserve held by the council for investment in Ubico.

 

Decision taken

1.     That CBC, as a shareholder, approves the business plan an initial £15,000 sum to allow Ubico to undertake appropriate work to produce detailed business cases for investment and approval. 

 

Reasons for the decision:

To support implementation of the business plan and delivery of Ubico growth aspirations.

Other reasons / organisations consulted

Supportive of proposal.

Consultees

Shareholders.

Contact: Paul Jones, Deputy Chief Executive (Section 151 Officer) 01242 775154 Email: [email protected].

Publication date: 14/06/2018

Date of decision: 13/06/2018

Effective from: 23/06/2018