Agenda item

Report of the Director of Economic Development.

The Committee considered a report of the Director of Economic Development concerning the City Corporation’s engagement strategy with the World Economic Forum (WEF).

RESOLVED: That approval be given to:-

·      the policy of a three-year rolling engagement strategy with the WEF;

·      the attendance of both the CPR and the LM at the WEF Annual Meeting in Davos; attendance at a WEF event in another priority market and the City Corporation hosting of a WEF meeting/event in the City;

·      an annual budget for the next three years from the 2018/19, 2019/20 and 2020/21 Policy Initiatives Fund amounting to £35,000, £36,500 and £38,000 respectively, categorised under ‘Promoting the City’ and charged to City’s Cash;

·      The Director of Economic Development being instructed to report back to the Committee on the outcomes of the WEF Annual Meeting Davos 2019 and all other Corporation/WEF meetings and/or events.