Agenda Reports Pack (Public) 15/10/2012, 19.00 - Meetings ...

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