Evolve Norse Business Plan 2026/27 and company performance for 2025/26
July 14, 2026 Shareholder Committee (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 Shareholder Committee approved the Evolve Norse Business Plan for 2026/27 on 14/07/2026. The committee also noted that the company did not lose money in the 2025/26 financial year but provided £27,000 in rental income to the council.
Full Council approved the Treasury Management activities and performance for the 2025/26 financial year on 16/07/2026. The council's investments generated £1.9m in income and interest payable was £20.3m.
The Council agreed to appoint standing committees for the 2026/27 municipal year, determine the number and allocation of seats on these committees, and appoint councillors to serve on them and other council bodies on 16/07/2026. The Council also agreed to delegate non-executive functions to officers and approved the Programme of Meetings for 2026/27.
Full council record
Purpose
Shareholder Committee is recommended to agree Evolve Business Plan and note the company performance for 25/26.
Decision
Shareholder Committee:
(1) approved the Evolve Norse Business Plan for 2026/27 attached as Exempt Appendix 1 to the report; and
(2) noted that the company did not lose any money in the 2025/26 financial year but did provide £27,000 rental income to the council.
Options & Alternatives Considered
Shareholder Committee has the option not to approve the 2026/27 Business Plan. Evolve Norse would be required to resubmit a further update for agreement and potentially would not be able to implement the outcomes of the Business Plan 2026/27 as per the terms of the Shareholders Agreement.
Related Meeting
Shareholder Committee - Tuesday, 14 July 2026 - 2.00 pm on July 14, 2026
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 14 Jul 2026 |
| Lead officer | Paul Walker |