Item 7 - London Ventures - Feedback from current investment cases (CAB25/6)

This cover report introduces the London Ventures Programme Summary. The report updates the Board on the progress of the Ventures that are currently part of the London Ventures portfolio, and early indications of their impact. The report also sets out how the London Ventures programme can be re-focussed to support some of the biggest challenges facing London local government.
The report includes a summary of the London Ventures programme commercial structure and detail of the current financial position.

 

Recommendations
It is recommended that the Capital Ambition Board receive and discuss the report and the decisions posed, and agree to:
a) Note the progress of the London Ventures programme, in particular the first hand reports from investment case pilot sites.
b) Note the programme financial projections and approve the budget to deliver the programme in 2015/16.
c) Agree the focus of work for the rest of 2015/16, including agree to divest of Ventures not aligned to the strategic or commercial programme priorities.
d) Note the feedback from the recent consultation event with CELC and SLT, and provide the remit to work up plans to be brought back to CAB in October 2015.