Agenda and minutes

There were no disclosable pecuniary interests.

(a)  To agree the Minutes of the meeting held on 9^th March 2022

(b)  Matters arising

The minutes of the meeting held on 9^th March 2022 were agreed as a true record.  There were no matters arising.

Briefing Note of the Director of Law and Governance.

To receive a presentation

The Business, Economy and Enterprise Scrutiny Board (3) received a presentation on an overview of the Business, Economy and Enterprise Scrutiny Board (3) Portfolio.

The presentation highlighted the following:

·  Economic Development Strategy

o  A new five year strategic framework to shape economic development in Coventry to 2027 was under development which succeeded the  Economic Growth & Prosperity Strategy

o  It was one of key strategies for delivering One Coventry Plan which aimed to increase economic prosperity and tackle the causes of inequality and climate change

o  It closely aligned with the new Skills Strategy

·  2014 – 2020 European Structural and Investment Funds Growth Programme

o  This programme would run until 2023. There were four principles strands; CW Business Support Programme; CW Innovation Programme; CW Green Business Programme and the CW Skills 4 Growth Programme.

o  This programme will be replaced by the Shared Prosperity Fund (SPF) but overall less funding would be available. The fund was not  operational at the time of the meeting but would be awarded by the West Midlands Combined Authority area.

·  West Midlands Gigafactory

o  Outline planning permission had been achieved and would create 6,000 well-paid, highly skilled jobs and thousands more in the wider supply chain.

o  It would help to protect 105,000 jobs in the automotive industry and contribute £434 million per annum in GVA to the UK economy

o  It would further establish Coventry and Warwickshire as the centre of excellence for UK battery manufacturing

·  Inward Investment

·  Social Value

·  Strategic City Centre Regeneration and Development Projects

o  Friargate

o  A new office led, mixed use district for the city next to Coventry Station. The site was approximately 15 hectares, and the development was being led by the Friargate Joint Venture which the Council was a 50/50 partner in

o  City Centre South

o  Significant private and public sector investment would transform a key part of the city centre. There would be approximately 1300 new homes, new retail and commercial space and new public spaces.

o  The Council were working with the developer and WMCA (£98m of grant funding) to bring forward delivery arrangements and the major developer

o  Progress was demonstrated through almost £15m of expenditure on land assembly, demolition, Planning and Compulsory Purchase Order (CPO) activities to date

o  The developer anticipated being on site in late 2023.

·  Transport and Innovation

o  Transport Strategy Team were responsible for the Coventry Transport Strategy and policy framework, scheme development, business cases  and securing funding.

o  There were a number of innovative schemes being developed including Coventry Very Light Rail; Electric / Zero Emission Vehicles; Connected and Autonomous Vehicles and New transport technology 

·  Development Management 

o  Development Management considered the transport impacts of new development, Design Standards and Development related transport schemes

o  There were a number of Major Developments which were underway including Eastern Green – A45 Junction / cycle routes; Keresley – Link Road / cycle routes; City Centre regeneration projects; University of Warwick Masterplan 2030 and the Gigafactory / Airport

o  The  ...  view the full minutes text for item 3.

Report of the Director of Law and Governance

The Business, Economy and Enterprise Scrutiny Board (3) received a report of the Scrutiny Co-ordinator that detailed the issues carried over from the Board’s Work Programme 2021/2022 and suggested for meetings of the Board in 2022/2023.

Members had suggested items for the work programme in Minute 3.

RESOLVED that the Business, Economy and Enterprise Scrutiny Board (3) notes the issues carried over from the Work Programme for 2021/2022 and suggested for meetings of the Board in 2022/2023.

There were no other items of public business.