An Economic Development Framework Document was approved by Cabinet in July 2022. Members were informed that this document fell between a full strategy and a statement of intent. The Economic Development and Regeneration Strategy 2022–28 was a direct replacement for the Framework. Being dated from 2022 allowed the capture of key detail presented in the Framework whilst also developing a detailed action plan for 2024–28.
Members considered the report to be positive, however, the addition of free parking over the festive period would assist retailers and residents in the Borough. It was suggested the period be extended in comparison to the previous year and be implemented through use of the Chief Executive’s Urgency Powers.
RESOLVED that:
1. The Economic Development Strategy 2022-28 be approved.
2. The Chief Executive’s Urgency Powers be used for the cessation of parking charges, in Council-owned car parks, as appropriate, between 9 December and 28 December 2024, be approved.
Reasons
1. The Economic Development and Regeneration Strategy sets out a vision for future growth within the Borough.
2. The cessation of parking charges over the Christmas period will assist local businesses and encourage footfall in Broxtowe’s town centres.