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 ...
5. RISK MANAGEMENT5.1 The expenditure plans set out required levels of investment andexpected outcomes and are based on income detailed in the S106Agreements of approved planning applications. Where proposalsinclude the funding of salary costs, these have been projected forfixed term appointments only thereby minimising employer risk.6. COMMENTS OF THE DIRECTOR OF PLANNING6.1 The agreements referred to were entered into with the purpose ofpromoting economic development and training skills opportunities in theBorough.6.2 The funds have not as yet been committed to any other projects, and assuch remain with the Council to use within the terms of the agreement.6.3 The proposed uses comply with the original intended uses for thefunds, and will enable the Council to continue these projects.7. COMMENTS OF THE EXECUTIVE DIRECTOR OF FINANCE ANDCORPORATE GOVERNANCE7.1 Cabinet approval is requested to utilise specific Section 106resources to fund spending plans during 2012/13 (£705,000) and2013/14 (£364,000) for initiatives which address the existing strategicpriorities of the Economic Development function.7.2 Officers in Housing & Regeneration have consulted closely withplanning obligations colleagues in Transport and Technical Servicesto ensure funding availability and that expenditure plans are within theterms of each agreement.7.3 The schemes for which approval is requested are to be coded on theRHQxxx range of cost centres within the REGSUM summary centre.8 EQUALITY IMPLICATIONS8.1 These priorities seek to bolster economic growth, investment andprosperity across the borough, with targeted initiatives aimed atyoung people, unemployed job seekers, learners and deprived areasof the borough.8.2 These priorities have high positive impacts for unemployed residentsand job seekers who are not supported through current provisionsuch as the Single Work Programme.Page 29
8.3 The initiatives will also help address the barriers faced by people whowish to secure sustainable employment, for example childcareaffordability, training and skills deficits, debt and financialcompetence, work inexperience and lack of pre-employment support.8.4 An equalities Impact Assessment is available electronically.9 COMMENTS OF THE DIRECTOR OF LAW9.1 Local authorities were given power to pursue economic well-beingunder the Local Government Act 2000, Chapter 22 Part I – Promotionof Economic, Social or Environmental well-being section 2 of the 2000Act. In exercising this power the Council can set the overall strategicdirection and long-term vision for the economic, social andenvironmental well-being of a local area.9.2 Where Local Authorities receive financial contributions in accordancewith the terms of agreements under section 106, Town and CountryPlanning Act 1990, the Authority is obliged to ensure that all moniesspent from the contributions are spent strictly in accordance with thepurpose laid down within the Agreement.9.3 It is confirmed that the expenditure proposed within this report fallswithin the terms of the relevant section 106 Agreements.No.Description ofBackground PapersLOCAL GOVERNMENT ACT 2000LIST OF BACKGROUND PAPERS1. Economic Development Strategy2007- 2014 (published August 2007)Name/Ext ofholder offile/copyKim Dero ext42294 Local Economic Assessment Lee Fitzjohn ext5799CONTACT OFFICER:Head of Economic Development, Learningand Skills, Regeneration and HousingStrategy DivisionHousing and Regeneration DepartmentNAME: Kim Dero x 4229Department/LocationHRD/EconomicDevelopment,Learning &SkillsFCSD/Performance, Planning &ReviewPage 30
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8.3 The initiatives will also help address the barriers faced by people whowish to secure sustainable employment, for example childcareaffordability, training and skills deficits, debt and financialcompetence, work inexperience and lack of pre-employment support.8.4 An equalities Impact Assessment is available electronically.9 COMMENTS OF THE DIRECTOR OF LAW9.1 Local authorities were given power to pursue economic well-beingunder the Local Government Act 2000, Chapter 22 Part I – Promotionof Economic, Social or Environmental well-being section 2 of the 2000Act. In exercising this power the Council can set the overall strategicdirection and long-term vision for the economic, social andenvironmental well-being of a local area.9.2 Where Local Authorities receive financial contributions in accordancewith the terms of agreements under section <strong>10</strong>6, Town and CountryPlanning Act 1990, the Authority is obliged to ensure that all moniesspent from the contributions are spent strictly in accordance with thepurpose laid down within the Agreement.9.3 It is confirmed that the expenditure proposed within this report fallswithin the terms of the relevant section <strong>10</strong>6 Agreements.No.Description ofBackground PapersLOCAL GOVERNMENT ACT 2000LIST OF BACKGROUND PAPERS1. Economic Development Strategy2007- 2014 (published August 2007)Name/Ext ofholder offile/copyKim Dero ext42294 Local Economic Assessment Lee Fitzjohn ext5799CONTACT OFFICER:Head of Economic Development, Learningand Skills, Regeneration and HousingStrategy DivisionHousing and Regeneration DepartmentNAME: Kim Dero x 4229Department/LocationHRD/EconomicDevelopment,Learning &SkillsFCSD/Performance, Planning &ReviewPage 30
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