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Register of interests

Councillor Praful Nargund

I, Councillor Praful Nargund a Member of the London Borough of Islington give notice that I have the following financial interests. Where indicated the interest relates to a relevant person, including a family member, partner or close relative.

1. Please state your employment or business carried out or any Partnerships or Directorships held by you or a relevant person?
Nature of employment activity Name of employer or body and position held
PERSONAL: Director New Spring Holdings Ltd (NSHL)
PERSONAL: Trustee Create Health Foundation (Charity)
PERSONAL: Director Create Impact Ventures Limited
PERSONAL: Board Member (unpaid) Capital City Group
PERSONAL: Local Authority Governor (unpaid) Thornhill Primary School
WIFE: Employed by Create Fertility CREATE Fertility (Create Health Holding Ltd, Create Health Ltd, Vitanova Aps, Create Health Global Ltd, Create Fertility Ltd).
2. Do you receive payments to carry out your duties other than from the Council or towards election expenses ?
Name of Person or Body making Payments
The Labour Party
3. Do you, a relevant person or an organisation in which you have a position of influence, have any contracts with the London Borough of Islington?
Description of Contract
None
4. Do you or a relevant person, have any significant interests in companies and securities?
Name of Company Nature of interest / Percentage of shareholding
New Spring Holdings Ltd I own a minority shareholding in New Spring Holdings Ltd (NSHL). NSHL makes venture capital investments either directly or via its subsidiary Create Impact Ventures Ltd, under the trading name 'Create Impact Ventures'. I am part of the investment committee for this purpose. In addition, there is a public market investment portfolio which has the following restrictions - no tobacco, weapons, coal, oil or gas. It is otherwise a discretionary mandate and I have no control over investment content or decision making in the portfolio.
Bloobloom Ltd Minority shareholder. My shares are held by Create Impact Ventures Ltd as nominee.
5. Do you or a relevant person have land or property in Islington?
Address/Description of Land Nature of Interest in Land
This is a Sensitive Interest, the details of which are withheld under Section 32 of the Localism Act 2011. -
6. Do you or a relevant person have any Corporate/Business tenancies?
Address/Description of Property Nature of Interest in Property
NoneNone
7. Do you or a relevant person have any Licences to occupy land?
Address/Description of Land
None
8. Do you hold membership of Trade Unions or Professional Associations?
Name of Body Name of Body
GMB -
Unison -