Decision details

To report back on the outcome of the soft market testing exercise to identify an indemnity partner for a potential CPO for Manston Airport.

Cabinet note the results of the soft market testing assessment and take no further action in respect of the interested parties.

Based on the assessment one can draw the conclusions that in terms of the key lines of enquiry, the market cannot deliver on the council’s requirements; there is no established market which is able to deliver, or an adequate number of operators; the market has no capacity to deliver the requirements and there is no cost or other benefits in taking this matter further.

To proceed with any of the interested parties was an option which was not pursued because of the conclusions of the exercise.