Issue - meetings

Business Pool Fund

Meeting: 19/05/2022 - Gloucestershire Economic Growth Joint Committee (Item 346)

Business Rate Pool

To receive a verbal update on the Business Rate Pool.

 

 

Minutes:

Andrew Cummings, Strategic Director of Resources, Stroud District Council, provided the Committee with an update on the position of the Strategic Economic Development Fund (SEDF).

 

Members were advised that £109k remained in the SEDF. The expected gain for the SEDF for 2021/22 would be just over £800k, and this would be confirmed in the next few weeks. Therefore the allocations agreed from the SEDF at this meeting were conditional on the final confirmation of that gain by the S151 Officer Group.

 

It was also noted that £1.59m remained within the City Region Board fund.

 

A full update report on the Business Rate Pool and position of the SEDF would be presented at the next GEGJC meeting.