Decision details

The Sub-Committee considered a report on appointments to the new Cheshire and Warrington Joint Committee and related bodies.

Officers advised that the primary role of the Finance Sub-Committee would be to have oversight of the investment decisions by Enterprise Cheshire and Warrington.

RESOLVED

That the Sub-Committee

1.   (by majority) agrees to appoint the Leader to be the Owner Member of the Joint Committee (Part One);

2.   (by majority) agrees to appoint the Deputy Leader to be a member of the Joint Committee (Part Two) and to be the substitute for the Owner Member;

3.   (by majority) agrees to appoint the Chair of the Finance Sub-Committee, or in his absence the Chair of the Environment and Communities Committee, to be the substitute member for the Joint Committee (Part Two);

4.   notes that the Corporate Policy Committee will make the appointment to the director of Alderley Park Holdings Ltd;

5.   agrees to appoint the Executive Director Place to the Cheshire & Warrington Development Fund (General Partner) Ltd;

6.   (by majority) agrees to recommend to the Joint Committee that the Joint Committee fulfil the function of the Investment Committee; and

7.   (unanimously) agrees that members of the Finance Sub-Committee should receive a briefing as soon as possible on all investments involving Cheshire East Council, including those of the LEP partnership, with a report back to the Sub-Committee’s meeting in June 2024 to determine how the Sub-Committee’s shareholder function is best carried out.