Issue - meetings

This report presents the latest projections for revenue and capital expenditure by Economic Development Services, together with details of performance against Best Value performance indicators, Customer First targets and Staff Management targets.

Members received a report which presented the latest projections for revenue and capital expenditure by Economic Development Services, together with details of performance against Best Value performance indicators, Customer First targets and Staff Management targets.

Economic Development was expected to control expenditure within its budget of £1,843k. 

Performance on most key indicators was improving or on target. Levels of sickness absence were above the council average and corporate target.  The Directorate management team were reviewing individual cases of sickness absence and also looking into improved management training in order to address the issue.

Advice of the Advisory Panel

That the Executive Leader be advised:

(i)         That the financial and performance position of the portfolio be noted;

(ii)        That a report back be made to the next Economic Development Partnership Board detailing progress in relation to indicators C4: VJ15d (balance of firms where turnover has grown rather than fallen) and C5: VJ15c (balance of firms expecting turnover to rise in the future rather than fall).

Decision of the Executive Leader

RESOLVED:That the advice of the Advisory Panel be accepted and endorsed.

REASON:      In accordance with budgetary and performance monitoring procedures.