Stockton-on-Tees Borough Council

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Cabinet Decision: 5th November 2009
Title of Item/Report
Economic Climate Update Report
Record of the Decision
Consideration was given to a report that provided Members with an overview of the current economic climate, outlining the effects that this was having on Stockton Borough, and the mitigations already in place and those being developed in response to this.

The monthly update report enable a focussed account to be made of any recent changes to economic circumstances (both positive and negative) the direct impact that this may be having on the Borough, and the responses and mitigations either in place or being developed to support businesses and residents.

Particular reference was made to the growing number of positive changes, including:-

Grow How 15m upgrade to Portrack plant.
Corus had won orders for its Teesside Cast Product plant
Gaia had been given planning approval fro a 200m Biomass Power Station in Billingham
House sales in the borough were increasing

RESOLVED that the report be noted and the work being undertaken be supported.
Reasons for the Decision
The global economic slow down is having a significant affect on local businesses, residents and Council Services.
Alternative Options Considered and Rejected
None
Declared (Cabinet Member) Conflicts of Interest
Cllr Cook declared a personal non prejudicial interest in the item entitled Economic Climate Update report as he was employed by one of the companies referred to in the report.

Cllr Coleman declared a personal non prejudicial interest in the item entitled Economic Climate Update report as he was a Director of Stockton International Families Centre which was referred to in the report.
Details of any Dispensations
Not applicable
Date and Time by which Call In must be executed
Not later than Midnight on Friday 13th November 2009
Attachment

Date of Publication: 10 November 2009


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