The Craven Barnfield Regeneration Limited Joint Venture has been created in order to improve the economic, social and environmental well-being of Craven. The Joint Venture will aim to enable the development of new employment and housing land, increase investment for development, maximise returns and create a revolving fund for future schemes, and increase the speed of project development and delivery.
The company is 30% owned by Craven District Council and 70% by Barnfield Investment Properties Limited and voting rights will be split 50/50.
It will be managed by six directors who will form the Strategic Partnership Board, three directors from Craven District Council and three from Barnfield Investment Properties Limited. A rotating chairman will be nominated on an annual basis. The board will be supported by a Company Secretary, a finance officer from Craven District Council. Craven District Council and Barnfield will have equal voting rights.