(Note:  This item was deferred from the last Council meeting on 22 September 2016.)

Members considered a motion in relation to Torbay Development Agency Business Plan being included in the Council’s Policy Framework, notice of which was given in accordance with Standing Order A14.

Councillor Tyerman proposed and Councillor Carter seconded the motion, which was agreed by the Council as set out below:

The Torbay Economic Development Company Limited (operating under the trading name Torbay Development Agency (TDA)) is Torbay Council's wholly owned and controlled economic development company.  Established in 2011 the TDA is responsible for delivery of a range of services and outcomes for Torbay Council.  It is also a trading business providing services to the broader public sector.  The TDA's business plan sets out how the business will function over the business plan period and approval of the same is currently a Mayoral decision.  However, given the length of plan, which provides a mandate to the company for the next 5 years, it is considered that this should be classed as part of the Policy Framework for the Council to determine.

Therefore, the Council is recommended:

That the Torbay Development Agency (TDA) Business Plan be included in the Council’s Policy Framework and the Monitoring Officer be requested to update the Constitution accordingly.