Agenda item

Report of the Director of Economic Development.

The Sub Committee received a report of the Director of Economic Development regarding the Policy Chairman’s recent visit to Washington DC and New York.

The Director of Economic Development outlined to Members the differences between this visit compared to previous visits to the US:

·         The Policy Chairman was accompanied by someone from the sector, which helped to increase the City Corporation’s reach;

·         The Policy Chairman met with a more senior group of individuals;

·         Events were now planned directly following this visit;

·         In the usual way, a report of the visit was sent to HM Treasury and the Department for International Trade, who were both very appreciative of the insight.

One Member asked for more information on the roadmap of activity for the work in the US, and how to prioritise resourcing amongst this. The Director advised that a report outlining the proposed strategy for the City Corporation’s US activity would be reported to this Sub Committee later on in the year.

A Member suggested that the reports from the Lord Mayor’s Overseas Visits should be submitted to this Sub Committee, as the Policy Chairman’s reports already are, to assist the improvement of the ‘one team’ approach. The Sub Committee were in agreement on this and the Executive Director of Mansion House and the Central Criminal Court confirmed this would happen going forward.

RESOLVED, that:

·         The Lord Mayor’s overseas visit reports to be submitted to the Sub Committee, in the same way that they are for the Policy Chairman’s reports, going forward; and

·         The report be noted.