Issue - meetings

Report of the Executive Director – Finance and Governance

Purpose of report

This strategic vision sets out how Cherwell District Council will use its own resources to enable the overall vision for Banbury and Banbury Canalside to be realised.  This vision has been scoped following engagement with members from across all parties through a workshop designed to consider how the Council can directly and positively impact on improving the area and ensuring that the aspirations set out in our statutory planning documents can be enabled.

Recommendations

The meeting is recommended:

1.1         To agree the Banbury Strategic Investment Vision as set out in Appendix 1 to this report.

Resolved

(1)          That Banbury Strategic Investment Vision (annex to the Minutes as set out in the Minute Book) be agreed.

The Executive Director – Finance and Governance submitted a report which presented the Banbury Strategic Vision, which set out how Cherwell District Council would use its own resources to enable the overall vision for Banbury and Banbury Canalside to be realised.  The vision had been scoped following engagement with elected members from across all political parties through a workshop designed to consider how the Council can directly and positively impact on improving the area and ensuring that the aspirations set out in the council’s statutory planning documents can be enabled.

Resolved

(1)          That Banbury Strategic Investment Vision (annex to the Minutes as set out in the Minute Book) be agreed.

Reasons

The vision captures our statement of intent in terms of our direct investment strategy and recognises the importance of partnership working, of our enabling role and our responsibilities around sound financial management.

Alternative options

The alternative option would be to not have a laid our strategic investment vision but this would not be acceptable on the grounds that we risk not being able to make some of the key regenerative or non-commercial investments without a suitable policy.