Issue - meetings

To consider the call-in of the Cabinet decision

Noted the decision of Cabinet taken on 24 July 2024 and agreed to take no further action

To agree to the continuation of the Council’s trading companies beyond 31 March 2025, and to agree to retain the responsibility for the net assets / liabilities from GSP’s membership of the RBG Pension Fund

Agreed to the continuation of the Council’s trading companies GS Plus Ltd and GSS Ltd beyond 31 March 2025, based on the existing delivery model and governed by a new 10-year Strategic Partnering Agreement to be developed and implemented by this date.

Agreed to retain the responsibility for the net assets / liabilities from GSP’s membership of the RBG Pension Fund (the pool is currently fully funded).

The Cabinet Member for Finance, Resources and Social Value noted the proposals before them had the support of the two outgoing chairs of GSS and GS Plus and of the incoming chair, and the support of the chair of the transformation group. The Cabinet Member explained that they had reviewed operations since the decision taken by Cabinet in February 2019 and the companies were now more stable. The Cabinet Member drew Members’ attention to the proposed decision.

Resolved -

1.            That the continuation of the Council’s trading companies GS Plus Ltd and GSS Ltd beyond 31 March 2025, based on the existing delivery model and governed by a new 10-year Strategic Partnering Agreement to be developed and implemented by this date, be agreed.

2.            That it be agreed to retain the responsibility for the net assets / liabilities from GSP’s membership of the RBG Pension Fund (the pool is currently fully funded).