Issue - meetings

This report presents updates on the local financial climate, core business support work and Council-led initiatives. 

Resolved: That the contents of the report be noted.

Reason:     To support York’s economic response to the COVID-19 pandemic and ongoing economic work.

The health of York’s economy was discussed noting that unemployment was low, however, there were around 3,500 job vacancies. The pandemic and international affects on York’s economy were noted as having created a challenge to the labour market. It was confirmed that grant funding related to the pandemic had come to an end and the Council had granted all the money received to business in York and the Council had been acknowledged as one of the most effective Council’s in the deliver of grant funding related to the pandemic.

The Executive Member thanked the different teams across the Council working in collaboration with businesses in the city to support York’s economy. He noted specific work the Council was undertaking with the Chamber of Commerce and Federation of Small Businesses to support businesses with the rise in energy prices.

The Executive Member thanked officers for their work on the report and in supporting York’s economy during his time as the Executive Member for Economy and Strategic Planning.

Resolved: That the contents of the report be noted.

Reason:     To support York’s economic response to the COVID-19 pandemic and ongoing economic work.