Agenda item

The Executive received the annual update report for 2017 on the Council’s Economic Development Strategy and the progress against its action plans.  Members were reminded that the Strategy was for the long term and that this meant not all actions would have been started as yet, or where they had started, might be in the early stages of development.

The Transformation Portfolio Holder drew attention to some of the recent achievements such as the receipt of £3.5million grant funding from the Local Enterprise Partnership for the improvement of the public realm for Camberley High Street, the introduction of the Kevin Cantlon Shop Front Improvement Grant Scheme and the successful Camberley Expo.  In addition, it had recently been announced that a Surrey wide bid to become a pilot scheme in respect of the retention of 100% of growth in Business Rates had been successful. 

It was also noted the Strategy was currently being updated.

Resolved

(i)              to note the contents of the report; and

(ii)            that a further report on an updated Strategy be made later in 2018.