Decision details

14.1

The Executive Director, Place submitted a report setting out the strategy and 2020 vision for Sheffield’s economy

14.2

RESOLVED: That Cabinet endorses the Economic Growth Strategy as a statement of the City’s economic priorities.

14.3

Reasons for Decision

14.3.1

By setting out the City’s future economic priorities this growth strategy aims to establish the right conditions in the City for long term economic success to the benefit of Sheffield residents and businesses.

14.4

Alternatives Considered and Rejected

14.4.1

The difficult economic climate has many social, environmental and economic impacts and economic growth is essential to addressing these impacts on the City’s wellbeing, both in the present and the future. In the face of reduced availability of both public and private sector finance the City must have a clear economic strategy to enable partners to prioritise activities. Without an economic strategy, partners could not combine their collective strength to effectively address the right issues to drive growth – causing delivery to be uncoordinated and for the City to miss new opportunities.

14.5

Any Interest Declared or Dispensation Granted

None

14.6

Reason for Exemption if Public/Press Excluded During Consideration

None

14.7

Respective Director Responsible for Implementation

Simon Green, Executive Director, Place

1.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Economic and Environmental Wellbeing