Decision details

The Executive considered an updated Economic Development Strategy.

The updated Strategy documented the statistical information demonstrating the borough’s growth. It also further solidified the Council’s commitment to delivery of economic growth support to business and making the borough a prosperous place to live, work and visit.

Members noted the borough’s economic profile, including factors such as the Gross Value Added, which had risen from c. £2.5bn to £3.3bn since the previous reporting period, and that the number of registered businesses in the borough had increased by 500 during this period. The population demographics were also noted.  

The Action Plan had been updated to reflect any changes to dates, funding gained and new developments proposed since the last publication. As with the previous Action Plan, some actions would be the direct responsibility of the Council’s Economic Development Team, including business engagement, Open For Business, and the Kevin Cantlon Shop Front Improvements Scheme, whilst other actions, including the Town Centre improvements works and transport and connectivity improvements, would be delivered by others and supported by the Team.

RESOLVED to approve the updated Economic Development Strategy.

Note: In accordance with the Members’ Code of Conduct, Cllr Paul Deach declared a pecuniary interest as he worked for Collectively Camberley and left the room during the consideration of the item.