Issue - meetings

Councillor Osman submits a report that updates Cabinet on the development of a new approach to support economic development in the Leicester and Leicestershire sub-region, including the establishment of a Local Enterprise Partnership and a Single Delivery Vehicle (combining Prospect Leicestershire and Leicestershire Promotions).  Cabinet is asked to approve the recommendations set out in Paragraph 2.1 of the report.

A minute extract from the meeting of the Overview and Scrutiny Management Board on 3 February 2011 will be circulated as soon as it is available.

Councillor Patel submitted a report that updated Cabinet on the development of a new approach to support economic development in the Leicester and Leicestershire sub-region, including the establishment of a Local Enterprise Partnership and a Single Delivery Vehicle (combining Prospect Leicestershire and Leicestershire Promotions).

RESOLVED:

                        that Cabinet:

1)     approves the establishment of a Local Enterprise Partnership for Leicester and Leicestershire (LLEP);

2)     approves combining Prospect Leicestershire and Leicestershire Promotions into a Single Delivery Vehicle (SDV) for Leicester and Leicestershire, to be a jointly held company between the City and County Councils;

3)     delegates authority to the Chief Executive, in consultation with the Leader, to finalise all matters relating to the establishment of the LLEP and SDV;

4)     makes financial provision, as set out in the report, for the establishment of the LLEP and SDV, taking into account any associated liabilities from the existing delivery bodies.