To consider the submitted report on the above Policy Framework document.

(Note:  this report contains exempt appendices which have been circulated separately.)

Members received the Torbay Economic Development Company Limited Business Plan 2017 to 2021 as part of the Council’s Policy Framework.  The submitted report set out the business plan (exempt document) and explained the operation of Torbay Economic Development Company Limited (operating under the trading name of TDA) as the Council’s wholly owned and controlled economic development company.

Mayor Oliver proposed and Councillor Haddock seconded a motion which was agreed by the Council as set out below:

(i)         that the draft Torbay Economic Development Company Limited Business Plan 2017 to 2021 set out at exempt Appendix 1 to the submitted report be approved;  and

(ii)        that the Assistant Director of Corporate and Business Services be given delegated authority to agree any changes to the Business Plan arising from the Council’s approved budget.

(Note:  Prior to consideration of Minute 132, Councillors Carter, Mills and Tyerman declared their non-pecuniary interests.)

The Council’s representatives on the Board of the Torbay Development Agency to report to the Overview and Scrutiny Board on their work and the TDA’s draft Business Plan for 2016/2021.

Consideration of this item was deferred to a future meeting.