Council Owned Entities Business Plans 2025-29

March 11, 2025 Corporate Finance and Performance Overview and Scrutiny Committee (Committee) Approved View on council website

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Summary

...to recommend to Cabinet the approval of the four-year business plans for Cornwall Housing, Corserv (with noted exemptions), Treveth (with noted exemptions), and Celtic Sea Power (with noted exemptions), along with the release of up to £0.663m in funding for Celtic Sea Power in 2025/26 and a maximum of £2.481m over the four-year period, subject to certain conditions, while also considering the Committee's comments and questions.

Full council record
Content

It was moved by Councillor
Keeling, seconded by Councillor Wells, and
 
RESOLVED TO RECOMMEND TO CABINET:
1. 
That the Cornwall Housing Four Year Business Plan
for 2025-29, attached to the report as Appendix 1, be
approved.
2. 
That the Corserv Four Year Business Plan for
2025-29, attached to the report as Appendix 10, exempt Appendix 11
and the KPI list attached as Appendix 13, be approved.
3. 
That the Treveth Four Year Business Plan for
2025-29, attached to the report as Appendix 3 and exempt Appendix
4, be approved.
4. 
That the Celtic Sea Power Four Year Business Plan
for 2025-29, attached to the report as Appendix 6 and exempt
Appendix 7, be approved.
5. 
That up to £0.663m of funding from the BEIS
dowry funds held in the Place and Green Growth reserve be released
to support the operation of Celtic Sea Power Ltd in
2025/26.
6. 
That a maximum of £2.481m over the four-year
business plan period be approved to fund the ongoing operation of
Celtic Sea Power Ltd to ensure it can deliver the outcomes stated
in its business plan with the funding to be released in stages from
the BEIS dowry funding held in the Place and Green Growth Reserve
and being dependent on the forecast budget for each financial year
brought forward for approval to Cabinet in the March preceding each
financial year.
7. 
That the comments and questions raised by the
Corporate Finance and Performance Overview and Scrutiny Committee
be taken into consideration.

Supporting Documents

Council Owned Entities Business Plans 2025-29 - Report.pdf
Council Owned Entities Business Plans 2025-29 - Appendix 1 - Cornwall Housing Ltd Business Plan.pdf
Council Owned Entities Business Plans 2025-29 - Appendix 3 - Treveth.pdf
Council Owned Entities Business Plans 2025-29 - Appendix 12 - Corserv CDDW.pdf
Council Owned Entities Business Plans 2025-29 - Appendix 5 - Treveth CDDW.pdf
Council Owned Entities Business Plans 2025-29 - Appendix 6 - Celtic Sea Power Business Plan.pdf
Council Owned Entities Business Plans 2025-29 - Appendix 8 Celtic Sea Power CDDW.pdf
Council Owned Entities Business Plans 2025-29 - Appendix 9 - Celtic Sea Power Commissioning Document.pdf
Council Owned Entities Business Plans 2025-29 - Appendix 10 - Corserv Business Plan.pdf
Council Owned Entities Business Plans 2025-29 - Appendix 13 - Corserv KPI List.pdf
Council Owned Entities Business Plans 2025-29 - Appendix 2 - Cornwall Housing Ltd CDDW.pdf

Details

OutcomeRecommendations Approved
Decision date11 Mar 2025