Decision details

(Minute 33)

The report of the Assistant Director Economy was submitted, seeking support for the preparation of a strategy and action plan setting out how the City’s economy could benefit from focussing on the development and attracting of science and technology organisations, creating high quality employment.

Scrutiny Committee – Economy considered the report at their meeting of 7 March and the support and comments of members were noted.

Executive welcomed the preparation of the strategy and action plan, acknowledging that support for the growth of higher value jobs was an essential element in the future success of the City.  They endorsed the need to take specialist advice to enable the City to take full advantage of potential opportunities to grow the City’s knowledge economy.

Executive resolved that a strategy be developed to promote the further development of the City’s knowledge economy and funding of up to £20,000 be approved to secure specialist advice to prepare the strategy.