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Decision details

Corporate Economic Development Strategy 2018/21

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The District Council’s Corporate Plan 2018–21 is focused on four priorities, one of which is “supporting sustainable business growth”. This Economic Development Strategy and Action Plan will maintain and deepen delivery against this corporate priority.

 

Decision:

  1. To adopt the Uttlesford Economic Development Strategy and Action Plan 2018-21.
  2. To approve the actions and associated revenue expenditure allocations for the period 2018–19 as follows:

                                          i.    Types of growth - £5k

                                         ii.    Key Sectors - Visitor economy - £50k

                                        iii.    Key Sectors - Rural economy - £10k

                                       iv.    Key sectors - Life Sciences, research and Innovation - £5k

                                        v.    Key sectors – Provision of Business Support £10k

                                       vi.    London Stansted Airport Location - £5k

                                      vii.    Proposed garden communities - £5k

                                     viii.    Connectivity - £10k

                                       ix.    Business rates relief development scheme - £60k

 

  1. To note the estimated that the MTFS assumes that the Economic Development actions revenue budget will remain at £160K from 2019–21.
  2. To note the provision in the proposed capital programme for £500K in 2018/19 for Superfast Essex Phase III and slippage of £100k from 2017/18 to 2020/21 for closing the 2% gap.

 

Publication date: 20/02/2018

Date of decision: 15/02/2018

Decided at meeting: 15/02/2018 - Cabinet

Effective from: 28/02/2018

Accompanying Documents: