Agenda item

Report of the Director of Economic Development.

The Sub-Committee considered a report of the Director of Economic Development updating it on the work of the International Regulatory Strategy Group (IRSG).

Several Members commended the work of the IRSG and noted that it was now a highly sought after organisation. The Assistant Director of Economic Development added that the industry had held together better than anticipated. The IRSG was working with other organisations on an international basis and that work was currently being undertaken on how to retain and attract investment in the industry in the medium to long term.

Reference was made to the Sub-Committee providing input to the IRSG via Chairman of the Sub-Committee and it was noted that this should be the Chairman of the Policy and Resources Committee.

RESOLVED – That the work of the IRSG Council as set out in the appendix to the report be noted.