Agenda and minutes

West Devon Regeneration and Investment Committee - Friday, 2nd October, 2020 4.00 pm

Venue: Skype

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No. Item

ITE 1/20

Confirmation Of Minutes pdf icon PDF 314 KB

To approve and adopt as a correct record the Minutes of the

meetings of the Invest to Earn Committee held on 17 December 2019



The minutes of the Committee meeting held on 17 December 2019 were approved as a true and correct record.


ITE 2/20

Urgent Business

To consider those items which, in the opinion of the Chairman,

should be considered by the Meeting as matters of urgency (if





The Chairman confirmed that he had no items of urgent business for consideration at this meeting.


ITE 3/20

Declarations of Interest

Members are invited to declare any personal or disclosable pecuniary interests, including the nature and extent of such interests they may have in any items to be considered at this meeting.


[If Councillors have any questions relating to predetermination, bias or interests in items on this Agenda, then please contact the Monitoring Officer in advance of the meeting]




Members were invited to declare any interests in the items of business to be considered during the course of the meeting, but there were none made.



ITE 4/20

Exclusion of Public and Press





That in accordance with Section 100(A)(4) of the Local Government Act 1972, the public and press be excluded from the meeting during consideration of the following items of business as the likely disclosure of exempt information as defined in paragraph 3 of Schedule 12A to the Act is involved.


ITE 5/20

Temporary Accommodation- Tavistock

PART TWO ITEMS ARE THOSE WHICH MAY BE TAKEN IN THE ABSENCE OF THE PUBLIC AND PRESS ON THE GROUNDS THAT EXEMPT INFORMATION IS LIKELY TO BE DISCLOSED (if any) If any, the Committee is recommended to pass the following resolution: “RESOLVED that under Section 100(A)(4) of the Local Government Act 1972, the public be excluded from the Meeting on the grounds that exempt information may be disclosed as defined in the paragraphs given in Schedule 12A to the Act.”



The Committee considered an exempt report that presented an opportunity to acquire a temporary accommodation unit in Tavistock.


In the ensuing debate, Members recognised that the proposals constituted a favourable net yield in comparison to previous schemes that had been presented to the Committee and were supportive of the recommendation that was contained within the exempt agenda report.


It was then:




That the Committee RECOMMEND for approval the acquisition of the temporary accommodation in Tavistock (as outlined in the presented exempt agenda report), with the recommendation and acquisition to be considered and made by the Head of Paid Service and Section 151 Officer, in consultation with the Leader of the Council and the Chairman of the Invest to Earn Committee, in accordance with the Scheme of Delegation set out in the Council’s adopted Commercial Acquisition Strategy.

ITE 6/20

Solar Scheme - Verbal Update



By way of an update, the Director – Place and Enterprise advised that, following the due diligence works that had been undertaken, the Solar Scheme project had unfortunately been deemed to be unviable.


During the subsequent debate, the Committee expressed its support for the conclusions that had been reached following the due diligence works.  In addition, Members felt that the costs associated with the due diligence works had proven to represent good value for money to the Council.

ITE 7/20

Investment Opportunity - Tavistock - Verbal Update



Having received an update from the Director – Place and Enterprise, the Committee acknowledged the views expressed whereby the risk / reward ratio for this Scheme did not currently represent a viable business opportunity for the Council.