Issue - decisions

Realising the commercial potential of the Enterprise Zone's broadband network

18/06/2015 - Realising the commercial potential of the Enterprise Zone's broadband network

THAT the Cabinet Member agrees:

(a)             To the principle of development of a joint venture opportunity (option 1 below) to deliver broadband services for Hereford enterprise zone and Rotherwas industrial estate under the market economy investor principle;

(b)            that a suitable preferred joint venture partner should be identified using established council processes.  The choice of partner to be signed off by the Director of Economy, Communities and Corporate;

(c)             that an initial business plan should be developed with the preferred joint venture partner to meet the requirements of the market economy investor principle, and

that the negotiated deal including that plan be brought back to the Cabinet Member for consideration and approval.