Issue - meetings

Recommendations

1)    To approve the proposed methodology outlined above and the emerging place-based and thematic projects identified in Figure 2, and at Appendix A with a view to establishing a formal capital growth project pipeline for North Yorkshire.

2)    To endorse work by officers to both develop any projects on the pipeline, and to utilise this pipeline in helping to shape conversations around future funding opportunities with the YNY Combined Authority and other private and public sector partners.

Considered – A report of the Corporate Director Community Development which provided an outline of North Yorkshire Capital Growth Priorities to feed into strategic work with the York and North Yorkshire Combined Authority (YNYCA) for approval.

The Executive Member for Open to Business, Councillor Mark Crane, introduced the report which described the investment framework being developed by the YNYCA and the requirement to prioritise key growth projects to ensure the council did not miss out on funding opportunities.  Town investment plans were being developed for 32 towns across all parts of North Yorkshire which would feed into the pipeline of growth priorities in future years and assist in ensuring the council can secure inward investment from the Combined Authority.

Resolved (unanimously)

1)    That the proposed methodology outlined above and the emerging place-based and thematic projects identified in Figure 2, and at Appendix A with a view to establishing a formal capital growth project pipeline for North Yorkshire be approved

2)    That endorsement be given to work by officers to both develop any projects on the pipeline, and to utilise this pipeline in helping to shape conversations around future funding opportunities with the YNY Combined Authority and other private and public sector partners.

Reasons for recommendations

To establish a shared investment pipeline for North Yorkshire that can support targeted engagement and discussion with the Combined Authority and other partners.

Alternative options considered

In terms of developing a pipeline of place-based and thematic priorities, no other alternative approach was considered due to the need for NYC to be able to clearly articulate where action needs to be focused in the short to medium term.