Agenda item

Report of the City Surveyor.

The Board considered a report of the City Surveyor on the Fleet Street Business Partnership. The report requested that the Property Investment Board contribute £20k per annum for a maximum of two years to become an active member of the newly established Fleet Street Business Partnership.

The Chair noted that it was important that the Fleet Street Business Partnership had the correct governance controls to be effective and noted that a new policy framework for the establishment of Business Improvement District’s (BID) would need to be agreed.

Members noted that it had been planned for the City of London Corporation to be involved in the creation of the Fleet Street Business Partnership, but not to continue to be the lead partner going forward.

RESOLVED- That the Board agreed in principle to fund a total contribution of £40k over the next two financial years (£20k for 2019/20 and £20k for 2020/21) from the City Surveyors local risk budget provided that officers, in consultation with the Chair and Deputy Chairman, are satisfied there are enough paying partners to make the partnership viable.