Closure of Subsidiary Cambridgeshire and Peterborough Business Growth Company Limited – KD2026/070
September 23, 2026 Combined Authority Board (Committee) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Combined Authority Board approved the closure of the subsidiary Cambridgeshire and Peterborough Business Growth Company Limited on 23 September 2026. The Board approved a capital reduction in shares held in the company and delegated authority to the Chief Executive Officer to sign relevant documents.
Full council record
Purpose
To approve resolutions needed to complete the winding up of the company, with delegation to Chief Executive to sign this off in consultation with the Chief Finance Officer and Monitoring Officer
Decision
It was resolved to:
A Approve a capital reduction in the shares held by the Combined Authority in the Cambridgeshire and Peterborough Growth Company Limited (Growth co), required to complete the closure of the Growth Co subsidiary.
B Delegate authority to the Chief Executive Officer (CEO), in consultation with the Chief Financial Officer and Monitoring Officer, to sign the relevant documents to give effect to the approved share capital reduction on behalf of the Cambridgeshire and Peterborough Combined Authority (CPCA) as sole shareholder
Related Meeting
Combined Authority Board - Wednesday, 23rd September, 2026 10.00 am on September 23, 2026
Supporting Documents
Details
| Reference | Call-ins0 |
| Outcome | Recommendations Approved |
| Decision date | 23 Sep 2026 |
| Effective from | 1 Oct 2026 |
| Expected date | 23 Sep 2026 |
| Originally due | 23 Sep 2026 |
| Lead officer | Steve Clarke |
| Subject to call-in | Yes |