The Company Member Cabinet Committee is scheduled to meet on Monday, 15th December 2025, to discuss its work programme, and to receive an update on the Urban Development Fund. The committee will also consider whether to exclude the public from a portion of the meeting.

Here's a breakdown of the key items on the agenda:

Urban Development Fund Update

The Committee is scheduled to receive an update on the Urban Development Fund. This discussion is scheduled to take place in Part II of the meeting, which is not open to the press or public, because it is expected that exempt information will be disclosed.

Company Member Cabinet Committee Work Programme 2025/26

The Committee will be asked to approve the updated work programme for 2025/26. The report pack states that the work programme is:

intended to be a working document that is updated on a meeting-by-meeting basis to enable the Committee to add / remove agenda items as necessary

The work programme lists several companies that the committee has an interest in. These include:

• Active Lancashire Limited
• Lancashire County Developments Limited (LCDL)
• Lancashire County Developments (Property) Limited
• Lancashire Renewables Limited
• Lancashire UDF Limited
• Lancashire UDF - SPV2 Limited
• The Lancashire Partnership Against Crime Limited
• LANPAC Limited
• Lancashire Environmental Fund Limited
• Marketing Lancashire Limited

The committee is scheduled to note that Marketing Lancashire Limited is in the final stages of liquidation. The report pack notes that the Declaration of Solvency was made on 1st October 2024, and that once the liquidation is complete, this will be reported to the Committee.

Exclusion of Press and Public

The Committee will consider whether to exclude the public from the meeting during consideration of the item regarding the Urban Development Fund. This is permitted under Section 100A(4) of the Local Government Act 1972, if the committee feels that there would be a likely disclosure of exempt information, as defined in Schedule 12A to the Act.