Agenda item

Report of the Director of Economic Development.

The Committee considered a report of the Director of Economic Development proposing continued membership of TheCityUK.

It was noted that the Public Relations and Economic Development Sub-Committee would be undertaking a strategic review of membership of think tanks and membership bodies across the piece at its forthcoming away day. Notwithstanding this however, it was agreed that it was important to confirm continued membership of TheCityUK at this point in time.

In relation to the proposed rental contribution, it was agreed that this should be sought through a base budget uplift rather than through the Policy Initiatives Fund, particularly in view of the forthcoming review of multi-year allocations from that Fund.

RESOLVED: That approval be given to:-

1.      The renewal of TheCityUK membership for three further years (2019-22), on the same terms as for the period 2016-19, at a cost of £400,000 to be funded through EDO’s base budget.

2.      A request being made for a base budget uplift from Finance Committee and Resource Allocation Sub Committee of £100,000 for 2019/20 onwards, to fund a rental contribution for TheCityUK.