The report presented the 2020/21 business plan for Seven Arches Investments Limited (SAIL) to Committee for approval.

A motion was MOVED by Cllr Hossack and SECONDED by Cllr Parker that the public be excluded from the meeting on the items of business (10 and 11) on the grounds that the disclosure of exempt information as defined in schedule 12A of the Local Government Act 1972.

A vote was taken by a show of hands and was RESOLVED UNANIMOUSLY.

Cllr Hossack MOVED and Cllr Parker SECONDED the recommendations

in the report.

A vote was taken by a show of hands and was RESOLVED.

R1 That the 2020/21 business plan for Seven Arches Investments Limited is approved.

Reasons for Recommendation

It is a requirement of the Shareholder’s Agreement that an annual business plan is presented to the Committee for approval.

The meeting concluded at 9:50pm.