Agenda item

Joint report of the Remembrancer and the Director of Economic Development.

The Committee considered a joint report of the Remembrancer and the Director of Economic Development concerning support for the Commonwealth Enterprise and

Investment Council (CWEIC).

It was advised that the recommendations had not been through the full internal consultation processes with the Chamberlain. Whilst it was not anticipated there would be any issue with the level of funds requested, it was nevertheless agreed that these procedures should be completed prior to any final decision being made. Members, therefore, expressed support in principle for the proposals and agreed to delegate authority to the Town Clerk, in consultation with the Chairman and Deputy Chairman, to approve the funding subject to satisfactory review by the Chamberlain.

RESOLVED: That authority be delegated to the Town Clerk, in consultation with the Chairman and Deputy Chairman, to consider a proposal to grant £20,000 per annum for two years from the Policy Initiatives Fund to renew the City Corporation’s status as Strategic Partner of CWEIC and to provide office accommodation for CWEIC in the Guildhall complex.