Decision details

(The press and public were excluded from the consideration of this item as defined in Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972).

Mr Michael Williams, Managing Director, Blackpool Entertainment Company Limited, Mr Andy Morgan, Interim Finance Director, Blackpool Entertainment Company Limited and Councillor Jo Farrell, Chair, Blackpool Entertainment Company Limited joined the meeting for this item.

Mr Michael Williams, Managing Director, Blackpool Entertainment Company Limited presented the Company’s refreshed Business Plan and budget for 2024/25 to the Committee. The proposals were discussed in depth with feedback provided to the Company Chair in relation to the proposed pay award.

Shareholder Committee decision:

To endorse the Blackpool Entertainment Company Limited Business Plan and budget 2024-2025 subject to further consideration by the Company Board on the pay award for the next financial year.

Reason for decision:

To ensure the Committee is fully appraised of BECL’s proposals for 2024/25 and has oversight of business planning and budget proposals. The Committee considered that pay awards should be aligned across the company group (unless there was a clear business case not to) and reflective of the current financial position.

Other options considered:

None - The attached business plan meets the Shareholders requirement that all Blackpool Council wholly owned companies produce a three-year business plan, as outlined in the governance framework policy.

Date of decision:

26 March 2024.

Mr Michael Williams, Managing Director, Blackpool Entertainment Company Limited, Mr Andy Morgan, Interim Finance Director, Blackpool Entertainment Company Limited and Councillor Jo Farrell, Chair, Blackpool Entertainment Company Limited left the meeting following the conclusion of this item.