Issue - meetings

Exeter City Futures Communtiy Intreset Company

 

 

Meeting: 09/02/2016 - Executive (Item 25)

25 Exeter City Future Community Interest Company pdf icon PDF 222 KB

To consider the report of the Chief Executive & Growth Director.

 

Scrutiny Committee – Resources considered the report at its meeting on 27 January 2016 and its comments will be reported.

 

 

Decision:

Agreed

 

 

That it is recommended that Council approve:-

 

(1)        Exeter City Council become a member of the Community Interest Company;

 

(2)        a sum of £50,000 be allocated as a working budget to facilitate the start-up and promotion of the Exeter City Futures Programme; and

 

(3)        membership of the Community Interest Company be taken up and for delegated authority to be given to the Chief Executive & Growth Director to identify two Board Directors.

 

Reason for Decision:

 

As set out in the report.

 

Minutes:

The report of the Chief Executive & Growth Director was submitted updating the Members on the rationale for Exeter City Council to become a member of a Community Interest Company (CIC) to facilitate the delivery of the Exeter City Futures vision. In order to work towards delivery of these ambitious aims, the Council would need to be part of Exeter City Futures Community Interest Company. Members were also asked to recommend that Council agree to the allocation of £50,000 as a one off payment as a working budget to facilitate the start-up and promotion of the Exeter City Futures (ECF) programme.

 

The Chief Executive & Growth Director advised that this project would focus on making Exeter smarter, more sustainable and more successful by using a combination of pioneering technology and intelligent analytics.

 

The Leader stated that this project was an important way forward of looking to, amongst other things, tackle congestion in the city and improve sustainability.

 

The Portfolio Holder for Economy and Culture commented that this proposal set up the governance arrangements for the important partnership with the private sector to establish a Community Limited Company.

 

Members welcomed this exciting project and the way forward proposed.

 

Scrutiny Committee – Resources considered the report at its meeting on 27 January 2016 and its comments were reported.

 

RECOMMENDED that Council approve that:-

 

(1)        Exeter City Council become a member of the Community Interest Company;

 

(2)        a sum of £50,000 be allocated as a working budget to facilitate the start-up and promotion of the Exeter City Futures Programme; and

 

(3)        membership of the Community Interest Company be taken up and for delegated authority to be given to the Chief Executive & Growth Director to identify two Board Directors.

 

Meeting: 27/01/2016 - Scrutiny Committee - Resources (Item 11)

11 Exeter City Futures Community Interest Company pdf icon PDF 222 KB

To consider the report of the Chief Executive and Growth Director.

Minutes:

The Assistant Director Finance presented a report which sought support for Executive’s endorsement of Exeter City Futures, as a vehicle for better understanding and addressing the transportation, energy and health challenges as opportunities facing the city.  The report provided the rationale for Exeter City Council to become a member of a Community Interest Company (CIC), which was a business with primarily social objectives to facilitate the delivery of the Exeter City futures vision. In order to work towards delivery of these ambitious aims, the Council would need to be part of Exeter City Futures Community Interest Company.

 

The focus of Exeter City Futures could be defined in the following statements:-

 

·      Make Exeter smarter

Focusing on a combination of pioneering technology and intelligent analytics, Exeter will have a better view of where it currently stands and what problems it is facing.

 

·     Make Exeter more sustainable

Using the insights generated from a smarter Exeter, a number of solutions and initiatives can be introduced that will ensure both the economic and environmental sustainability of the city.  

 

·    Make Exeter more successful 

Ultimately, these solutions would make a significant contribution to Exeter being even more successful with a thriving knowledge economy, a protected natural environment and a better quality of life for its residents.

 

Members were asked to agree the allocation of £50,000 as a one of payment as a working budget to facilitate the start-up and promotion of the Exeter City Futures (ECF) programme.

 

A Member welcomed the report and considered this to be an exciting project. The Assistant Director clarified the request for a contribution for funding which would be used to help pump prime a number of projects.  Work had commenced to set in place clear governance arrangements, but he would ensure that a further report was made to Members on how the performance of the company was monitored. 

 

Scrutiny Committee – Resources supported and requested that Executive recommend that:-

(1)   Exeter City Council becomes a member of the Community Interest Company (CIC);

 

(2)  a sum of £50,000 is allocated as a working budget to facilitate the start-up and promotion of the Exeter City Futures Programme; and

 

(3)  the Council takes up membership of the Community Interest Company with delegated authority given to the Chief Executive & Growth Director to identify two directors on the Board.