URL: https://democracy.cornwall.gov.uk/ieDecisionDetails.aspx?ID=8609

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: Report seeking approval of the Celtic Sea Power and Cornwall Housing business plans.

Content: Report seeking approval of the Celtic Sea Power and Cornwall Housing business plans. DECISION:   RESOLVED:   1.  That the Cornwall Housing Four Year Business Plan for 2026-30, attached to the report as Appendix 1, be approved. 2.  That the Celtic Sea Power Four Year Business Plan for 2026-30, attached to the report as Appendix 3 and exempt Appendix 4, be approved. 3.  That up to £0.371m of funding from the BEIS dowry funds held in the Place and Green Growth reserve be released to support the operation of Celtic Sea Power Ltd in 2026/27. 4.  That a maximum of £1.827m over the four-year business plan period be approved to fund the ongoing operation of Celtic Sea Power Ltd to ensure it can deliver the outcomes stated in its business plan with the funding to be released in stages from the Business, Energy and Industrial Strategy (BEIS) dowry funding held in the Place and Green Growth Reserve and being dependent upon approval of the Celtic Sea Power Business Plan for each financial year.     Reason for the Decision:    As contained within the report.   Alternative options considered:   None other than contained within the report.   Conflicts of interest declared:   None.   Dispensations granted in respect of a conflict of interest:   N/A  

Date of Decision: March 18, 2026