To receive and consider the report of the Director of Finance.
To approve the request from Chorley Leisure Ltd for financial support of £1.122m, a breakdown of which is included in the body of the report.
The Deputy Leader, Councillor Peter Wilson presented the report of the Director of Finance.
The report detailed a request from the Council’s wholly owned subsidiary company, Chorley Leisure Ltd, for financial support due to the extraordinary and unbudgeted increases in energy costs, an assumed increase in salary costs over the 5% budgeted (based on the latest offer made in the 2023/24 LJNCC pay negotiations), and a shortfall in income levels.
Members noted the work undertaken by the Council since taking the leisure function back in house, including an app. Memberships had continued to increase and were now at 73% of pre-pandemic figures and swimming lessons were at 104% of these levels.
It was noted that the funding would come from a specific reserve for the Leisure Company.
The Deputy Leader, Councillor Peter Wilson proposed and the Executive Member (Early Intervention), Councillor Bev Murray seconded, and it was Resolved (unanimously) To approve the request from Chorley Leisure Ltd for financial support of £1.122m, a breakdown of which is included in the body of the report.