Stockton-on-Tees Borough Council

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Cabinet Decision: 6th October 2016
Title of Item/Report
Economic Climate
Record of the Decision
Cabinet considered the subsequent quarterly update that provided Members with an update on information published in Stockton’s Local Economic Assessment 2014 as well as key recent economic announcements on the People Theme.

The thematic report provided at appendix 1 was presented in four sections:-

i. Economic Dashboard - presented a number of key indicators which were monitored at least quarterly
ii. Updates - summarising key announcements and developments:

• Updates - announcements with implications across key sectors, the region and nationally
• Business announcements - announcements from some of the key businesses within the Borough
• Strategic locations - a brief update on any new development at strategic employment locations across the Borough
• Training & skills - provides an update on emerging news relating to skills needs and provision

iii. Theme Review - An in depth focus, and the substantive part of the report, on key statistics affecting business, people or place. Most of the referenced statistics in the review were produced annually and could not be updated quarterly
iii. Case Study - A relevant case study for the theme. For example, the people case study in this report focused on a multi-agency approach to secure employment for young people.

RESOLVED that the content of the report be noted and support the work being undertaken.
Reasons for the Decision
Understanding the nature and extent of opportunities and challenges that exist within Stockton’s economy would create a Borough that was more confident, vibrant and successful than ever before; where business and people prosper and grow.
Alternative Options Considered and Rejected
Declared (Cabinet Member) Conflicts of Interest
Details of any Dispensations
Date and Time by which Call In must be executed
Midnight, 14th October 2016

Date of Publication: 10 October 2016

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