Dragonfly Shareholder Board Update (Verbal)
Minutes:
The Chief Executive provided a verbal update on the Dragonfly Shareholder Board.
The Shareholder Board had been concentrating on and discussing the Review of Dragonfly Companies (the ‘Review’) and the proposed action plan at length.
At its Extraordinary meeting on 16th June 2025, the Executive had agreed to commence the process to dissolve the Dragonfly Board as recommended within the review and contained within the action plan.
The externally commissioned Review, conducted by Local Partnerships (experts in their field), had been accepted.
All Dragonfly staff would be kept fully informed and the Council would continue to be fully committed to ongoing projects – work would continue.
The day following the Committee’s meeting would see the Council meet to discuss the Review. Local Partnerships would be present to answer any questions. The Executive would meet on 28th July 2025 to consider the next steps.
The Committee was informed the Leader of the Council had invited all Dragonfly Companies staff to a meeting at The Arc, Clowne (and hosted online via Microsoft Teams) on 4th July 2025 to address any questions of the Review. A script of this meeting had been published afterwards on the Council’s intranet, Eric.
The Committee were briefly informed of current work completed / undertaken at sites including Woburn, Blackwell and Alder Way, Shirebrook and the Council’s Chief Executive informed fortnightly meetings with the Director of Property & Construction (Dragonfly) were taking place.
To a question on the White Swan, Bolsover, the Head of Business Growth informed a revised offer had been made with the Council seeking to close quicker than the owner was anticipating. Following officer inspections of the premises to better know of the premises current condition, the Council’s offer was found appropriate.
To a question on the lack of a Delivery Update provided by Dragonfly Development Ltd. for the Committee’s meeting, the Chief Executive reiterated the Review had required concentration, and while a version of the Delivery Update was at the Committee, the Director of Property & Construction (Dragonfly) had recently informed further updates were expected shortly – once available, the Delivery Update would be finalised and provided to Members after the meeting. Minutes of the Shareholder Board meetings would also be provided.