Issue - meetings

Finance and Resources

To review the financial performance of Project Enterprise activities in the 2022/23 financial year.

Resolved

That the outturn position for Project Enterprise investments in 2022/23 be noted.

Consideration was given to a report of the Finance Portfolio Holder which summarised return on investment made during the 2022/23 financial year from Project Enterprise projects and compared the results with the original business case for each project.

Net rental income from Project Enterprise properties held by the Council throughout 2022/23 was £2.235M. This was £148,000 more than the £2.087M that was forecast in the approved business cases and is expected to grow in future years as rent reviews increase annual turnover.

Having considered the options and for the reasons set out in the report, Cabinet agreed to the following:

Resolved

That the outturn position for Project Enterprise investments in 2022/23 be noted.