Decision details

Members considered the Fenland Future Ltd Business Plan report presented by Adam Broadway, on behalf of FFL.

Councillor Boden said it is accepted that the Financial Plan will not end up correct; it is the best estimate that can be made with all the current uncertainties as to how FFL will pan out, but it is a moving target and will be updated on a quarterly basis. There is no figure for finance charges for 2025/6 but much will depend on cash flow and the speed at which properties can be built and sold. One would hope that the cash flow of the company will mean that it no longer will require any loan by 2025/6 but it is impossible to say. However, it is clear from the outline figures that the Business Plan is coherent and has significant potential for more profit than losses.

Members AGREED to note the Fenland Future Ltd Business Plan report and endorse the adoption of the revised FFL Business Plan (April 2022 to March 2025) and to receive further reports on the progress of FFL projects against the approved Business Plan in accordance with the approved articles of association for FFL.