Issue - meetings

AGREED   that Members note:

a)        the Arkwood Performance Report and consider company’s performance against its targets and objectives highlighting any areas of high performance and identifying areas for improvement; and

b)        the Arkwood Briefing paper from the Managing Director – Arkwood (attached as exempt Appendix 2).

The Managing Director – Arkwood Developments, was in attendance to present the performance report for Arkwood Developments for quarter 4 2023/24. In considering the report Members heard that the developments in Cambridge and Derby had a mix of solar panels and air source heat pumps as the Company were working within the existing planning permission. The Non-Executive Director was in attendance and reiterated that the Company was very mindful of the Council’s medium term financial plan and were working to continue growth and identify further sites to provide increased resilience.

AGREED (unanimously) That Members noted the Arkwood Performance Report and consider company’s performance against its targets and objectives highlighting any areas of high performance and identifying areas for improvement.

Reasons for Decision

To ensure appropriate review of the Performance of the Councils wholly owned Housing Development Company (Arkwood).

Options Considered

None