Agenda item

Report of the Director of Economic Development.

The Sub-Committee received a report of the Director of Economic Development providing highlights of the key activity undertaken by the Economic Development Office (EDO) in July and early August 2018.

The Assistant Director of Economic Development outlined some of the key activity in the next few weeks, including Chile Day and an inward visit from the Governor of Tokyo. On Brexit, Members heard how the UK was in a fluid situation with more political challenges leading into party conferences season. The short-term focus for the City Corporation was on securing a transition agreement and understanding the differences in asks from various sub sectors, e.g. insurance, as well as tackling the cliff edge issues. Members noted that if the City Corporation needed to change its position on Brexit, this would be reported to this Sub-Committee in the usual way.

Members asked for more detail on the regional strategy and heard how the Town Clerk was a vital part of the engagement for meetings with Chief Executives of councils. Specifically, a Member requested an understanding of forensic effectiveness measures of the regional strategy and heard that a report was being prepared for the next meeting of this Sub Committee.

There was a request that reports such as the City of London Corporation PwC Fintech series: India-UK Payments Landscape (in the appendix of the EDO update) be circulated separately from the main agenda pack in future.  

RESOLVED, that:

·         The report be noted.