Decision details

Sale of the council's shares in Gloucestershire Airport Limited ("GAL")and associated freehold land interests -Decision of Leader of Cheltenham Borough Council acting as Shareholder of GAL

Decision Maker: Leader

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

To sell the council’s shares in Gloucestershire Airport Limited (“GAL”), along with the associated freehold land interests, on the terms set out in the attached briefing note and supporting documents (Exempt Information - Local Government Act 1972, Schedule 12A, Part 1, Paragraph 3).

Reasons for the decision:

·         To secure best consideration

·         To promote the long-term economic and social wellbeing of Cheltenham and the wider Gloucestershire region through securing a new investor

·         To protect the long-term financial interests of the council

 

Alternative options considered:

As per attached briefing note (Exempt Information by virtue of Local Government Act 1972, Schedule 12A, Part 1, Paragraph 3)

Other reasons / organisations consulted

As per attached briefing note (Exempt Information by virtue of Local Government Act 1972, Schedule 12A, Part 1, Paragraph 3)

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

Publication date: 26/06/2025

Date of decision: 26/06/2025

Accompanying Documents: