Decision
Analysis
outcome: Recommendations Approved
summary: The decision is to sell the council's shares in Gloucestershire Airport Limited and associated freehold land interests.
topline: The Leader has decided to sell the council's shares in Gloucestershire Airport Limited to secure best consideration and promote economic wellbeing.
reason_contentious: This issue may be contentious as it involves selling off a public asset and could impact the local community and economy.
affected_stakeholders: ["Council", "Investors", "Local Community", "Economic Stakeholders"]
contentiousness_score: 6
political_party_relevance: There may be implications of political influence on the decision, as it involves economic and financial interests.
URL: https://democracy.cheltenham.gov.uk/ieDecisionDetails.aspx?ID=3368
Decision Maker: Leader
Outcome: Recommendations Approved
Is Key Decision?: No
Is Callable In?: No
Purpose:
Content: To sell the council’s shares in Gloucestershire Airport Limited (“GAL”), along with the associated freehold land interests, on the terms set out in the attached briefing note and supporting documents (Exempt Information - Local Government Act 1972, Schedule 12A, Part 1, Paragraph 3). · To secure best consideration · To promote the long-term economic and social wellbeing of Cheltenham and the wider Gloucestershire region through securing a new investor · To protect the long-term financial interests of the council As per attached briefing note (Exempt Information by virtue of Local Government Act 1972, Schedule 12A, Part 1, Paragraph 3) As per attached briefing note (Exempt Information by virtue of Local Government Act 1972, Schedule 12A, Part 1, Paragraph 3)
Date of Decision: June 26, 2025