Papers published this week confirm that the board decided at its recent meeting to permanently stop the development of the CAM programme and that the organisation set up to deliver the initiative, One CAM, can also cease its work.
The board also resolved to agree that One CAM be placed into dormancy, followed by strike-off from the register of companies, and agreed to pay associated costs with the closure and repay remaining shareholders’ funds.
The CAM initiative had been promoted by the previous mayor, but when he was ousted in a shock election result earlier this year his successor, Dr Nik Johnson, immediately spoke of his intention to end the project.