Agenda item

Economic Development Activities Report

Report of the Director of Economic Development (copy attached).

 

Minutes:

The Committee considered a report of the Director of Economic Development updating it on various economic development activities between December 2012 and February 2013.

 

The Chairman referred to the success of a recent event at which the former Vice-President Al Gore was a speaker. He advised that Mr Gore had been very complimentary about the work of the City Corporation to an audience of representatives from a number of influential organisations.

 

Members were also advised that as part of the Budget, Government had announced the introduction of tax relief for social investment. He pointed out that the Economic Development Office had worked closely with the Treasury for its introduction and that this was extremely good news. Government had also announced recently the creation of a new Trade and Investment Board which would comprise senior representatives from various financial institutions including TheCityUK and that the City Corporation would be fully involved through TheCityUK.

 

RESOLVED – That the report be received and its content noted.

 

 

Supporting documents: