To seek Cabinet approval for the creation of a Joint Venture Local Authority Trading Company.
Decision type: Key
Reason Key: Expenditure or Savings > £1,000,000;
Decision status: Recommendations Approved
Notice of proposed decision first published: 13/06/2018
Anticipated restriction: Fully exempt - View reasons
Explanation of anticipated restriction:
This report is not for publication as it contains exempt information within Paragraph 3 of Part 1 of Schedule 12A to the Local Government Act 1972, being information relating to the financial or business affairs of any particular person (including the authority holding that information). Further, it is considered that, in all the circumstances, the public interest in maintaining this exemption outweighs the public interest in disclosing this information. While there may be a public interest in disclosing this information, namely it would provide information on the County Council’s plans for the creation of a joint venture trading company, it is felt that, on balance, this is outweighed by other factors in favour of maintaining the exemption, namely that the detail of the arrangement are commercially sensitive and to disclose them would potentially prejudice the County Council’s position in the negotiation of the commercial arrangements.
Decision due: 17 Sep 2018 by Cabinet
Decision due: 17 Sep 2018 by Cabinet
Contact: Steph Randall Email: stephanie.randall@hants.gov.uk.