Agenda Reports Pack (Public) 15/10/2012, 19.00 - Meetings ...
Agenda Reports Pack (Public) 15/10/2012, 19.00 - Meetings ... Agenda Reports Pack (Public) 15/10/2012, 19.00 - Meetings ...
Table 1: Proposed use of Section 106 funds: Oct 2012 - Mar 2014Section 106AgreementInitiative2012/13£000s2013/14£000sTotal£000sWestfield Training & Employment Contribution 117 100 217Westfield Regeneration & Employment 212 80 292Westfield Childcare Matters Fund 193 107 300Quayside Lodge Promoting enterprise 144 21 165HammersmithPalais Promoting enterprise 5 0 5Seagrave Road Training & Employment Contribution 34 56 90Total 705 364 1,0693.5 Key Outcomes and Outputs from proposed use of Section 106 fundswill include.3.5.1 Outputs 915 residents secure employment 1,100 pre-employment training places 630 residents achieving a level 2 qualification 120 borough employers supported to fill vacancies £1m European investment for employment support activities. 8 community based jobs fairs/ employment support events andan annual bi-borough jobs fair (with RBKC) 60 residents into unpaid work placements/volunteering 51 residents secure apprentice positions with LBHF 77 external apprenticeship placement opportunities 14 bursaries that aim to provide residents with qualifications tobecome child care professionals 200 new businesses to be engaged in Enterprise Clubs Two major 'Meet the Buyer/Supplier' events3.5.2 Outcomes Maximising S106 and CIL economic development gains fromland development and regeneration. A S106/ClL monitoring and delivery data information system, Monitoring and evaluation of Developers’ fulfilment of planningobligations, to ensure borough residents and businessesbenefit form new developments. Letting and facilities management of business units tomaximise income. Management of business engagement, investment andenterprise activity to ensure economic growth. Development, delivery and/or commissioning a businesssupport service focused on increasing economic andentrepreneurial activity in the borough, with a particular focuson SMEs.Page 27
Secure economic growth through development, retention andinward investment activities in order to showcase the borough’spotential as a business and tourist location.Develop initiatives across the Borough to support investmentambitions through; area management, enterprise support,procurement opportunities and business events.Purchase of key data required for HF local economicassessment updates.3.5.3 Corporate BenefitsThe expenditure plans include initiatives which will yield widercorporate benefits for the borough and members are asked to note thevalue for money benefits from synergising initiatives; for example:At least 60 residents will be recruited into unpaid work experienceopportunities and ‘Volunteering in Our Libraries’ will be a twin focustogether with ‘Volunteering to increase work experience’.Expenditure on employability support activities to assist residents tosecure paid work will focus on unemployed residents in temporaryaccommodation, on the Home Buy list and other priority groups in orderto bolster the Council’s housing ambitions promoting communitycontribution and working households.The Childcare Matters initiative will offer 14 bursaries that will provideresidents with qualifications to become child minders and child careprofessionals in order to fill an identified shortfall of workers in a growthsector for the borough.4. ECONOMIC DEVELOPMENT PRIORITIES REFRESH4.1 The Head of Economic Development, Learning & Skills will undertakea review of economic development priorities in order to ensure that:priorities are aligned with key council prioritiesemployment and business sector growth opportunities arisingfrom physical regeneration schemes are fully planned andforecastedpartnership opportunities are fully exploited to increase cocommissioningand rationalised resourcing options.4.2 It is not anticipated that a major review will be undertaken as theCouncil’s ambition to foster economic growth and investment isexplicit. However this work will enable officers to consider Census2011, HF Local Economic Assessment and other demographic datatogether with the outcomes of existing successful economicdevelopment initiatives in order to establish priorities beginning in2014 – 2015Page 28
- Page 1: London Borough of Hammersmith & Ful
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- Page 8 and 9: 38. EARL'S COURT REDEVELOPMENT AND
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- Page 24 and 25: 1. EXECUTIVE SUMMARY1.1 This report
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- Page 30 and 31: 1. ECONOMIC DEVELOPMENT UPDATE1.1.
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- Page 52 and 53: structure for OSBL to acquire a con
- Page 54 and 55: egeneration site. These interests a
- Page 56 and 57: such indemnity agreement to be back
- Page 58 and 59: all interests. Many of the premises
- Page 60 and 61: 4.2 The indemnity agreement (see Ap
- Page 62 and 63: enforce such laws as it deems neces
- Page 64 and 65: ead and taken into account in reach
- Page 66 and 67: Appendix ALONDON BOROUGH OF HAMMERS
- Page 68 and 69: interests by agreement but it is cl
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- Page 76 and 77: development of small shops, market
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Table 1: Proposed use of Section <strong>10</strong>6 funds: Oct <strong>2012</strong> - Mar 2014Section <strong>10</strong>6AgreementInitiative<strong>2012</strong>/13£000s2013/14£000sTotal£000sWestfield Training & Employment Contribution 117 <strong>10</strong>0 217Westfield Regeneration & Employment 212 80 292Westfield Childcare Matters Fund 193 <strong>10</strong>7 300Quayside Lodge Promoting enterprise 144 21 165HammersmithPalais Promoting enterprise 5 0 5Seagrave Road Training & Employment Contribution 34 56 90Total 705 364 1,0693.5 Key Outcomes and Outputs from proposed use of Section <strong>10</strong>6 fundswill include.3.5.1 Outputs 9<strong>15</strong> residents secure employment 1,<strong>10</strong>0 pre-employment training places 630 residents achieving a level 2 qualification 120 borough employers supported to fill vacancies £1m European investment for employment support activities. 8 community based jobs fairs/ employment support events andan annual bi-borough jobs fair (with RBKC) 60 residents into unpaid work placements/volunteering 51 residents secure apprentice positions with LBHF 77 external apprenticeship placement opportunities 14 bursaries that aim to provide residents with qualifications tobecome child care professionals 200 new businesses to be engaged in Enterprise Clubs Two major 'Meet the Buyer/Supplier' events3.5.2 Outcomes Maximising S<strong>10</strong>6 and CIL economic development gains fromland development and regeneration. A S<strong>10</strong>6/ClL monitoring and delivery data information system, Monitoring and evaluation of Developers’ fulfilment of planningobligations, to ensure borough residents and businessesbenefit form new developments. Letting and facilities management of business units tomaximise income. Management of business engagement, investment andenterprise activity to ensure economic growth. Development, delivery and/or commissioning a businesssupport service focused on increasing economic andentrepreneurial activity in the borough, with a particular focuson SMEs.Page 27
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