The Leader introduced the joint report of the Director of Housing and Inclusion and Borough Treasurer which provided an update on progress with forming a development company. The report sought approval for the appointment of the Board of Directors, for the Company to become operational and to the development company’s business plan for implementation and its funding arrangements.
The Leader circulated a motion which sought a deferral of the item to a future meeting of the Cabinet in order to consider the Chancellor of the Exchequer’s imminent Budget Statement.
RESOLVED That this item be considered at the next or a future meeting of Cabinet in order to give consideration to the Chancellor of the Exchequer’s budget statement which is to be delivered on 29 October 2018.