Decision details

RVP Business Plan

Decision Maker: Cabinet

Decision status: Decision Made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

TWBC acquired the Royal Victoria Place shopping centre in October 2023.  The report is seeking approval of the updated RVP annual business plan post acquisition which provides an analysis of the current income position, a short-term business plan and cash flow, sensitivities to the cash flow, and medium term plans for the centre.

Decision:

RESOLVED –

 

  1. That the Royal Victoria Place 2024 Business Plan be approved.

 

  1. That delegated authority be given to the Director of Finance, Policy and Development in consultation with the Cabinet Member for Economic Development to approve expenditure in line with the aims and objectives of the delivery of the Business Plan be approved.

 

REASON FOR DECISION:Approval will help facilitate the delivery of the next phase of the Royal Victoria Place management and support the delivery of the wider economic development and place shaping objectives which formed the basis of the long leasehold acquisition. 

Report author: Diane Brady

Publication date: 21/03/2024

Date of decision: 21/03/2024

Decided at meeting: 21/03/2024 - Cabinet

Effective from: 03/04/2024

Accompanying Documents: