Issue details

Torbay Growth Fund

Creation of a fund incentivising businesses to locate in Torbay and create jobs.

Decision type: Key

Reason Key: Revenue Budget variation +£250,000;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Decision due: 28 Feb 2013 by Council

Lead member: Mayor and Executive Lead for Employment and Regeneration, Finance and Audit

Lead director: Charles Uzzell, Steve Parrock

Contact: Liam Montgomery, Managing Director Email: liam.montgomery@torbay.gov.uk.

Consultation process

Circulation of papers and meetings.

Consultees

Mayor and Councillors.

Reason for inclusion in Forward Plan: The fund will offer a financial incentive to businesses who locate and grow in Torbay. It will be directly linked to creating new jobs.

Key Risks: If no incentives are in place Torbay risks becoming less competitive and losing companies and associated jobs to other areas.

If you want to make representations contact:: Suzie Masterman, telephone (01803) 207922, email suzie.masterman@tedcltd.com, postal address Torbay Council, Town Hall, Castle Circus, Torquay, TQ1 3DR

Agenda items