Decision details

Update of Exeter City Council's Companies, Alternative Delivery Models and Charities.

Decision Maker: Council

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Purpose:


To consider the report which provides an update on companies, alternative delivery models and charities connected with or controlled by Exeter City Council so that Members are aware of their activities and financial performance.

Decisions:

The Leader presented the report.

 

During debate Councillor Read asked for clarity regarding the ear-marked reserve for ECL, and the report for ECL and what that would be used for. She asked for comment on Exeter Science Park financial viability, and their capacity to plan for future development as stated in the report.

 

The Strategic Director for Corporate Resources responded making the following points:

  • the ear-marked reserve was ECL property support and supported the ECC funding of sales of land to ECL. ECL had been wound down but sales of land had continued and the ear-marked reserve was now being used for its intended purpose; and
  • ESVL loss still required high level occupation to break even, and it was just below that at the moment which resulted in loss. The onus was on shareholders to work with the company to enable propositions to come forward.

 

The Leader moved the recommendation, seconded by Councillor Wright and following a unanimous vote was CARRIED.

 

 

Report author: Dave Hodgson

Publication date: 08/10/2025

Date of decision: 10/06/2025

Decided at meeting: 10/06/2025 - Council

Accompanying Documents: