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