Issue - meetings

Report of Director of Development

Purpose of report

For Members of the Executive to note the City Deal and, in particular, to have regard to those aspects of the document which will have an impact on this Authority.

Recommendations

The meeting is recommended:

 1.1        To note the report and in particular those aspects which will have a potential impact on Cherwell.

1.2       To note the intention to create a Joint Committee under the Local Government Act 1972 and the Local Authorities (Arrangement for the Discharge of Functions) (England) Regulations 2012.

Resolved

(1)          That the report and in particular those aspects which will have a potential impact on Cherwell be noted.

(2)          That the intention to create a Joint Committee under the Local Government Act 1972 and the Local Authorities (Arrangement for the Discharge of Functions) (England) Regulations 2012 be noted.

The Director of Development submitted a report which enabled Executive to note the City Deal and, in particular, to have regard to those aspects of the document which would have an impact on this Authority.

Resolved

(1)          That the report and in particular those aspects which will have a potential impact on Cherwell be noted.

(2)          That the intention to create a Joint Committee under the Local Government Act 1972 and the Local Authorities (Arrangement for the Discharge of Functions) (England) Regulations 2012 be noted.

Reasons

The deal brings with it a significant number of challenges, but also a significant amount of funding which would not normally have been available. By signalling ambition in this way, it also paves the way for the production of the Local Enterprise Partnerships Strategic Economic Plan and, ultimately, a Growth Fund Bid.

Alternative Options

Option 1: To note the plan and the envisaged governance arrangements. This

is the preferred option and supported by the information in the report.

Option 2: Executive could refuse to support the document or engage in the process, but this is not recommended in view of the fact that the City Deal has

already been agreed and there are significant amounts of funding involved.