Anticipated reasons for restriction

Creation of a Joint Venture Local Authority Trading Company

By virtue of paragraph(s) 3 of Part 1 of Schedule 12A of the Local Government Act 1972.

Explanation of Reasons

Reason restricted justification

This report is not for publication as it contains exempt information within Paragraph 3 of Part 1 of Schedule 12A to the Local Government Act 1972, being information relating to the financial or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.