This will be the final report to Cabinet that requests the decision to formally begin the process of winding down Brick by Brick Croydon Ltd. This report updates Cabinet on the final write off position and discusses a range of options that have been considered by the Council to achieve the most effective winddown.
Decision type: Key
Reason Key: Expenditure > £1,000,000;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 19/01/2024
Reason for urgency:
The report was planned for 31st Jan Cabinet but has subsequently needed to be moved to complete an outstanding transaction before a final decision can be taken.
Anticipated restriction: Part exempt -
Financial Impact: Expenditure or savings of up to £5,000,000;
Decision due: 14 Feb 2024 by Cabinet
Lead member: Executive Mayor, Cabinet Member for Finance
Lead director: Corporate Director of Resources (Section 151)
Department: Resources Directorate
Contact: Huw Rhys-Lewis, Interim Director of Commercial Investment and Capital Email: huw.rhys-lewis@croydon.gov.uk.