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Issue - meetings

Quarterly Economic Update

Meeting: 23/03/2021 - Decision Session - Executive Member for Economy and Strategic Planning (Item 40)

40 Quarterly Economic Update pdf icon PDF 453 KB

This report provides a quarterly economic update for the period January 2021 to March 2021.

 

 

Additional documents:

Decision:

Resolved: That the contents of the report be noted.

 

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

Minutes:

The Executive Member considered a report which provided a quarterly economic update for the period January 2021 to March 2021.

Key points arising from consideration of this item included:

  • The Executive Member and officers emphasised the need to support those who were unemployed and to increase the availability of support to business start-ups, which were expected to be large sources of employment post-lockdown.
  • That progress has been made with colleagues from York St John University to implement a mental health scheme.
  • That recent announcements of inward investment to York by companies such as Nestle were encouraging, and that changing business models in terms of home working frees up opportunity for investment in York.

 

The Executive Member thanked the Head of Economic Development for his report and noted with concern the national statistics regarding the changes to border arrangements with the European Union, as York’s exports were particularly focused on the EU.

 

 

Resolved:

(i)           That the contents of the report be noted.

 

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


 

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