Issue - meetings

AGREED that the Executive Shareholder Committee note the Arkwood Performance Report (attached as the Appendix) and consider the Company’s performance for Quarter 1 2024/25.  

The Managing Director – Arkwood Developments, was in attendance to present the performance report for Arkwood Developments for quarter 4 2023/24 and a presentation for Members. The presentation detailed: completion of the Avenues development on Lord Hawke Way/Bowbridge  Road site and an award for the development from the Newark Civic Trust; progress on site at Manea in Cambridgeshire; pipeline progress and land acquisition; and housing design for the Manea site.

Members welcomed the presentation and were pleased to see work to develop the pipeline of sites. Members noted that it was anticipated that the planning application for Lowfield Lane would be considered by the Planning Committee in October or November.

AGREED (unanimously) that the Executive Shareholder Committee note the Arkwood Performance Report (attached as the Appendix) and consider the Company’s performance for Quarter 1 2024/25.  

Reasons for Decision

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

Options Considered

None