Decision details

 Members considered the process of completing the Council’s Economic Growth and Regeneration Plan 2022 to 2027.

The current Economic Development Strategy was expiring and had limited reference to the post COVID-19 economic struggle businesses and people were facing today. The Governments Levelling up Agenda along with programmes such as the Towns Deal, Shared Prosperity Fund and Devolution Deal and some aspects of the Dev-Co were not fully understood and not explicit enough to understand their significance to local economic growth. The Council’s bids made reference to a Framework Document for Economic Growth.

RESOLVED that the core principles of the strategy and process to finalise it in order to support bids and guide the Council’s work in this crucial period for economic development and regeneration be approved.

Reason

A Framework Document would support future bids and plans and supports Business Growth Corporate priority by investing in our towns and our people.