Decision details

1.         That the work underway to implement the GM Local Industrial Strategy be noted and that the proposed governance arrangements be agreed.

2.         That the Year 1 Milestones (Annex 1) be agreed.

3.         That the request for £3m of funding over three years to support the implementation of the GM Local Industrial Strategy, to be sourced from Retained Business Rates, be approved.

4.         That authority be delegated to the GMCA Treasurer, in consultation with the GM Portfolio Chief Executive for Economy and the Deputy Mayor and Portfolio Lead for Economy, to finalise the budget and allocation of the projects for GM Local Industrial Strategy Implementation following consultation with the Growth Board.

5.         That GM’s commitment and determination to the implementation of the Local Industrial Strategy be made clear to Government.