Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: March 26, 2025

Purpose: Annual refresh of the Cornwall Housing, Corserv, Treveth, Langarth and Celtic Sea Power Business Plans.   Part 2 (exempt) appendices expected.  

Content: It was moved by Councillor Harris, seconded by Councillor Monk, and   RESOLVED: 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 3, exempt appendix 4 and the Key Performance Indicators attached as appendix 6, be approved. 3.  That the Treveth Four Year Business Plan for 2025-29, attached to the report as Appendix 7 and exempt Appendix 8, be approved. 4.  That the Celtic Sea Power Four Year Business Plan for 2025-29, attached to the report as Appendix 10 and exempt Appendix 11, 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 being approved by Cabinet.