Decision details

The Cabinet will be presented with the detailed business case relating to the Be:First initiative that sets out the plans for establishing an arm’s length Development Company, wholly owned by the Council, which will absorb and consolidate a range of investment, planning and regeneration related services under one roof.

The Cabinet resolved to:

(i)  Agree the establishment of Be First in accordance with the proposals set out in the report and detailed in the draft full business case at Appendix 1 to the report;

(ii)  Delegate authority to the Strategic Director of Growth and Homes, in consultation with the Cabinet Member for Finance, Investment and Growth, the Strategic Director of Finance and Investment and the Director of Law and Governance, to implement all steps leading to the establishment of Be First in line with the proposals;

(iii)  Delegate authority to the Director of Law and Governance to execute all the legal agreements, contracts and any other documents on behalf of the Council to implement the setting up of Be First; and

(iv)  Delegate authority to the Chief Executive, in consultation with the Leader, to select the individuals to be appointed to the Shareholder Executive Board of Be First.