Issue - meetings
Vecteo
PDF 133 KBMeeting: 07/07/2022 - Policy and Resources Scrutiny Committee (Item 121)
Vecteo
Referred direct by Cabinet
Additional documents:
- Restricted enclosure 2 , View reasons restricted (121/2)
- Webcast for Vecteo
Minutes:
The Committee considered Minute 72 of the meeting of the Cabinet held on 1 July 2022, which had been referred directly to the Committee for scrutiny, together with a report of the Interim Director of Highways, Parks and Open Spaces on the London Hire Community Services (LHCS) and Southend Travel Partnership (Vecteo) Year 2 Financial Performance.
The Cabinet Member for Highways, Transport and Parking undertook to provide where possible, a written response to all councillors prior to the next meeting of the Council, in respect of the following matters raised at the meeting:
· The provision of a copy of the Vecteo contract and original business plan.
· The work undertaken to date to resolve service failures arising from the contract with Vecteo.
· The depot/parking arrangements for the Vecteo fleet whilst vehicles are not in active service.
· The cost of the depot facilities leased from the Council by Vecteo and whether such costs have been fully met Vecteo.
· The full membership of the Board of Vecteo.
· The income originally anticipated to be generated by Vecteo from other elements of the service offering, the delivery of which have been delayed.
· A copy of the Vecteo Board minutes with the request made to the Council for the proposed cash injection of £392,000
· The potential costs of the establishment of a replacement home to school transport service, including any modelling of such costs undertaken so far.
Resolved:
1. That the following recommendations of the Cabinet be noted:
“1. That the request for providing a working capital interest free cash injection to the Joint Venture Company Vecteo, as requested in their letter of the 7th June 2022 (Appendix A to the submitted report) and provided by 31st July 2022 at the latest which will be funded by the Business Transformation Reserve, be approved.
2. That the update regarding the initial exploration of alternative options for future service delivery, be noted.”
2. That, in accordance with Council Procedure Rule 39, the matter be referred to full Council for consideration
Note: This is a Council function
Cabinet Member: Councillor S Wakefield
Meeting: 01/07/2022 - Cabinet (Item 72)
72 Vecteo
Report of Interim Director Highways and Parks
Additional documents:
- Restricted enclosure 6 , View reasons restricted (72/2)
- Webcast for Vecteo
Minutes:
The Cabinet received a report of the Interim Director of Highways, Parks and Open on the London Hire Community Services (LHCS) and Southend Travel Partnership (Vecteo) Year 2 Financial Performance.
Recommended:
1. That the request for providing a working capital interest free cash injection to the Joint Venture Company Vecteo, as requested in their letter of the 7th June 2022 (Appendix A to the submitted report) and provided by 31st July 2022 at the latest which will be funded by the Business Transformation Reserve, be approved.
2. That the update regarding the initial exploration of alternative options for future service delivery, be noted.
Reasons for Decision
As set out in the submitted report
Other Options
As set out in the submitted report
Note: This is an Council function
Referred direct to the Policy & Resources Scrutiny Committee for consideration
Cabinet Member: Cllr Wakefield
