Issue - meetings

This report sets out a proposal for investment in resources that are required to take forward the delivery of development to enable economic growth for the city of York.

RESOLVED:       That Cabinet agrees to:

i)             Allocate £1m from the Economic Infrastructure Fund to provide the identified “development team” resources as set out in the report, for the specific use of stimulating development delivery.

ii)            Approval of the detail of this spend of funding being delegated to the Director of CBSS and Director of CES, in consultation with the Leader.

REASON:              To enable the required resources to be put in place to allow progression on a range of major economic regeneration projects

Consideration was given to a report which set out a proposal for investment in resources required to take forward the delivery of development to enable economic growth for the city.

Members were reminded of proposals previously put forward to unlock development sites to provide new homes and business opportunities with the ambition to see a release of 5000+ homes over the next 5-7years.  It was now proposed to release £1m of EIF funding to provide the professional and technical resources required during the period 2013/14 and 2014/15 to take forward key development sites. Details of the key sites under consideration were reported at Annex A.

Measures to stimulate house building and further information on the resources required were reported at paragraphs 17 to 23. The key sites proposed for permanent and temporary construction job creation were set out at Annexe B of the report.

All Members expressed their support for the allocation to support York’s strong economic performance.

RESOLVED:       That Cabinet agrees to:

i)             Allocate £1m from the Economic Infrastructure Fund to provide the identified “development team” resources as set out in the report, for the specific use of stimulating development delivery.

ii)            Approval of the detail of this spend of funding being delegated to the Director of CBSS and Director of CES, in consultation with the Leader. ^1.

REASON:              To enable the required resources to be put in place to allow progression on a range of major economic regeneration projects