Issue - meetings

1.  That the draft Commercialisation Strategy, attached at Appendix A to the report of the Head of Commercial and Economic Development, be adopted subject to the following amendments:

·  At paragraph 2 of the Strategy, amend the final section to read:

This is a fundamental shift in approach and consequently a simple, easily understood Commercialisation Strategy is required to give direction; and which links into the Medium Term Financial Strategy.  All projects and activities undertaken under the Commercialisation Strategy will therefore be evaluated against the priorities of the Medium Term Financial Strategy at paragraph 2.5 of that Strategy.

·  At paragraph 4.3 of the Strategy, the ‘Commercial Projects Development Team’, add a new bullet point to read, as the first and primary function:

To look for trading projects that prioritise capture of commercial opportunities afforded by our existing statutory and non-statutory services, so that synergy exists between our commercial and other desired outcomes.

2.  That the decision to implement a project will be made by the full Cabinet.

DECISION MADE:

1.  That the draft Commercialisation Strategy, attached at Appendix A to the report of the Head of Commercial and Economic Development, be adopted subject to the following amendments:

·  At paragraph 2 of the Strategy, amend the final section to read:

This is a fundamental shift in approach and consequently a simple, easily understood Commercialisation Strategy is required to give direction; and which links into the Medium Term Financial Strategy.  All projects and activities undertaken under the Commercialisation Strategy will therefore be evaluated against the priorities of the Medium Term Financial Strategy at paragraph 2.5 of that Strategy.

·  At paragraph 4.3 of the Strategy, the ‘Commercial Projects Development Team’, add a new bullet point to read, as the first and primary function:

To look for trading projects that prioritise capture of commercial opportunities afforded by our existing statutory and non-statutory services, so that synergy exists between our commercial and other desired outcomes.

2.  That the decision to implement a project will be made by the full Cabinet.

For further information regarding this decision, please follow this link:

http://services.maidstone.gov.uk/ieDecisionDetails.aspx?AIId=18783