Closure of Subsidiary Cambridgeshire and Peterborough Business Growth Company Limited
September 7, 2026 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 Funding Committee of Cambridgeshire and Peterborough Combined Authority Council decided to approve recommendations regarding the closure of the subsidiary Cambridgeshire and Peterborough Business Growth Company Limited on 07 September 2026. The committee recommended that the Combined Authority Board approve shareholder documentation and delegate authority to the Chief Executive Officer to sign documents for the share capital reduction. This includes the cancellation of 5,807,000 ordinary shares and the transfer of the resulting credit to a profit and loss reserve.
Full council record
Decision
RESOLVED: (Unanimous)
A. To recommend that the Combined Authority Board approve the Shareholder documentation as appended at Appendix B and D.
B. To 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
Funding Committee - Monday, 7th September, 2026 10.00 am on September 7, 2026
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 7 Sep 2026 |