Decision details

Resolved:

(1)   That the findings of the Gateley mid-term IBB service review as discussed in this report and outlined in the Executive Summary attached as appendix 1, be noted

(2)   That the proposed short-term high-level plan through to the end of the current funding ending March 2025, as summarised in the proposal section below and attached as appendix 2, be agreed. Detailed delivery activity to be worked on between the Head of Enterprise, Investment and Trade at the Mayoral Combined Authority (MCA) and the Unitary Authority (UA) Economic Development Managers and reported to the Business and Skills Directors and Chief Executive Officers.

(3)   That the planned approach to developing a model for future delivery as summarised in the proposal section below and recognising the long-term recommendations set out in appendix 2, be agreed. This would consider evidence set out in the mid-term review and draw on other factors such as the emerging regional strategy and on UA strategic ambition. The outcome of this work would be a business case for inward investment activity in the region from April 2025 to 2030. This work to deliver a business case to Committee for decision by mid-2024.