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Issue - meetings

Quarterly Economic Update

Meeting: 22/09/2020 - Decision Session - Executive Member for Economy and Strategic Planning (Item 9)

9 Quarterly Economic Update pdf icon PDF 890 KB

This report provides a quarterly economic update for the period March 2020 to September 2020.

 

Additional documents:

Decision:

Resolved:

 

                      i.         Noted the contents of the report and agreed that further updates on Community Hubs, Consideration of the Council as a landlord, Restarting of My City Centre, Inclusive Growth, Economic Strategy, Economic Partnership, and Responding to Government Advice be brought to future Decision Sessions.

                     ii.         To publicise that businesses in York that identify unintended consequences of new Government guidelines or restrictions can contact the Council via economicgrowth@york.gov.uk

 

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

Minutes:

Officers gave a presentation on York’s Economic Strategy, as well as, the impact of COVID-19 on York’s economy and the council’s  response. The Executive Member considered the report in light of York’s 1 year and 10 year strategy and discussed the challenges presented by COVID-19. He highlighted the need for national policy to support local economies, citing his letter to the Chancellor of the Exchequer outlining the need for government to support the hospitality and transport sectors, both of which are important to York. The work of the CBI was also noted in establishing a narrative highlighting the support certain sectors needed due to COVID-19.

 

Community Hubs that we set up to support people that were affected by COVID-19, were identified as being able to offer the first steps of support and advice to local residents who may lose their jobs. It was also noted that businesses struggling to get support could contact the council via economicgrowth@york.gov.uk.

 

 

 

Resolved:

 

                      i.         Noted the contents of the report and agreed that further updates on Community Hubs, Consideration of the Council as a landlord, Restarting of My City Centre, Inclusive Growth, Economic Strategy, Economic Partnership, and Responding to Government Advice be brought to future Decision Sessions.

                     ii.         To publicise that businesses in York that identify unintended consequences of new Government guidelines or restrictions can contact the Council via economicgrowth@york.gov.uk

 

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


 

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