Issue - meetings

Support for Everyone Active to enable recovery from the impact of COVID-19

Meeting: 14/07/2020 - Executive (Item 81)

81 Support for Everyone Active to enable recovery from the impact of COVID-19

To outline the support offered by Bracknell Forest Council to Everyone Active (EA) to enable recovery from the impact of the Covid-19 pandemic and to ask for Executive approval for that support.

Minutes:

RESOLVED that

 

       i.          Everyone Active is granted a management fee holiday for the full

year 2020/21, inclusive of the relief for the first quarter’s management fee

previously approved by the Executive on 28 April 2020;

 

      ii.          the Council will underwrite the estimated reopening costs and losses for Everyone Active for the period July 2020 to March 2021,  with the actual sum to be calculated on an “open book” basis in accordance with the approach set out in paragraph 5.15 and in Appendix 2 of the Director:Resources report.

 

     iii.          the revised surplus share mechanism described in 5.20 that offers the potential, subject to actual trading performance, for the Council to recoup

the costs incurred in respect of recommendation 2.2 be approved over the remaining life of the contract with Everyone Active up to 31st March 2033.


 

Contact Information

Democratic services

Email: committee@bracknell-forest.gov.uk