Issue - meetings

This report invites the Leader to review the analysis and approve it as a key part of the York prospectus, to inform future business cases and prioritisation.

Resolved: That Leader of the Council and Executive Member for Policy, Strategy and Partnerships approved the Economic and Social Value Analysis of the York Prospectus Projects for inclusion as an accompanying document to the York’s Prospectus – Going for Good Growth with Innovation, Culture and Heritage at Our Heart.

Reason: To provide a detailed overview of the economic and social value that the projects will bring to York’s residents and businesses, highlighting their broad value to potential investors (York and North Yorkshire Combined Authority, Government, private investors).

Officers introduced the report which sought the approval for the 22 projects in the York’s Prospectus – Going for Good Growth with Innovation, Culture and Heritage at Our Heart which was approved by the Executive on 4 November 2025. Officers outlined the independent analysis from Sewells Advisory which assessed the Economic and Social Value of the projects to be included within the prospectus. Officers noted that across the projects there was a total of £12.1 billion social value, including social, economic and, environmental benefits to the city identified in the analysis. Officers confirmed that the analysis of the projects and the prospectus would assist the Council in making the case for investment from the Government, the York and North Yorkshire Combined Authority, partners, and private investment.

The Executive Leader thanked Officers for their work and outlined the importance of the prospectus for the opportunity to deliver projects that would improve the city. The Executive Leader highlighted that the projects had been collectively developed with partners and provided the Council with the opportunity to have projects ready to secure opportunities for investment. The Executive Leader also welcomed the additional 3000 warm affordable homes and the 750 jobs that would be delivered by the prospectus. The Executive Leader noted that projects were being added to the York and North Yorkshire Combined Authority growth plan and the Council continued to work with Ministers, the Mayor, and partners to deliver projects for the city. The Executive Leader confirmed that the Council continues to have challenges in relation to its revenue budget, however, these investment opportunities were separate to the revenue budget and provided the prospect of bringing in money that delivered positive projects for the city.

Resolved:

                      i.         Approved: the economic and social value analysis of the York prospectus projects for inclusion as an accompanying document to the York’s Prospectus – Going for Good Growth with Innovation, Culture and Heritage at Our Heart.

Reason:    To provide a detailed overview of the economic and social value that the projects will bring to York’s residents and businesses, highlighting their broad value to potential investors (York and North Yorkshire Combined Authority, Government, private investors).