Consideration was given to a report of the Cabinet Member for Finance and Corporate / Director of Corporate Services that provided an update regarding the financial position for Rochdale Riverside Retail and Leisure Development.

Resolved - That the Rochdale Riverside Financial Update 2023/24 report be noted.

Reason for decision

To update Cabinet on the financial position of the Council, to ensure that budget pressures were identified and corrective action was taken, to ensure that financial resources continued to be spent in line with the budget, and to enable decisions to be taken in full knowledge of all relevant financial implications.

To ensure Cabinet was aware of the anticipated financial performance of the Rochdale Riverside scheme over the next 10 years, including an understanding of business risk and opportunities

Alternatives considered

Not to consider the report – this option was not recommended as the report was provided for information to update on the financial position of the Council.