1.  That the new opportunities for commercial activity identified in the report of the Assistant Director of Environment and Regulatory Services be agreed and put through the business model process.

2.  That a similar business model process be used to bring forward opportunities relating to existing commercial activity.

3.  That the Council’s fund of £500k, as agreed in the decision regarding Investment Opportunities to meet possible investment failure, be also used in the event that a commercial venture fails or does not meet the expected return.

DECISION MADE:

1.  That the new opportunities for commercial activity identified in the report of the Assistant Director of Environment and Regulatory Services be agreed and put through the business model process.

2.  That a similar business model process be used to bring forward opportunities relating to existing commercial activity.

3.  That the Council’s fund of £500k, as agreed in the decision regarding Investment Opportunities to meet possible investment failure, be also used in the event that a commercial venture fails or does not meet the expected return.

To view full details of this decision, please click here:-

http://meetings.maidstone.gov.uk/ieDecisionDetails.aspx?ID=612