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  • Issue - meetings

    NORTH WALES ECONOMIC AMBITION BOARD

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    Meeting: 23/03/2023 - Education and Economy Scrutiny Committee (Item 5)

    • Webcast for 23/03/2023 - Education and Economy Scrutiny Committee

    5 NORTH WALES GROWTH DEAL - QUARTER 3 2022-23 PERFORMANCE REPORT pdf icon PDF 126 KB

    Cabinet Member – Councillor Dyfrig Siencyn

     

    To consider a report on the above.

     

    Additional documents:

    • Item 5 - Appendix, item 5 pdf icon PDF 7 MB
    • Webcast for NORTH WALES GROWTH DEAL - QUARTER 3 2022-23 PERFORMANCE REPORT

    Decision:

    To accept the report and to note the observations.

     

    Minutes:

    The Leader and Ambition North Wales officers were welcomed to the meeting.

     

    Submitted – the report of the Leader on the Quarter 3 2022-23 performance of the North Wales Growth Deal, following the committee's request.

     

    The Leader outlined the context by providing a brief update on the work of the Growth Deal, some of the background of establishing the North Wales Economic Ambition Board, along with details of different schemes that were relevant to Gwynedd.  The Operations Manager then provided an overview of the Growth Deal and the main highlights of 2022-23.

     

    Members were given an opportunity to ask questions and offer observations. 

     

    It was enquired how the Ambition Board intended to draw up a language policy for the Trawsfynydd project to ensure that the development and the workforce would not Anglicise the area.  In response, it was noted:-

    ·         That this was a project that wholly relied on UK Government investment, and that there was no certainty on that.

    ·         In terms of a language policy, the Egino company would soon hold a workshop to examine the social benefits, including the linguistic benefits.

     

    It was noted that the greatest risk in terms of delivering the objectives of the Growth Deal was ensuring public and private sector investment, and it was enquired what steps it intended to take should the capacity of those sectors to invest reduce over the next few years due to the current financial situation.  In response, it was noted:-

    ·         That economic circumstances had changed immensely since the Growth Deal was agreed in 2010, and that the financial crisis was a challenge that faced us on a regular basis where there was a contribution from the private sector.

    ·         The Business Delivery Board, which had representatives from the private sector, was meeting to discuss projects regularly, under the guidance of Askar Sheibani, who ran his own global digital business and who was very enthusiastic for the whole of north Wales.

    ·         The only assurance that could be given at present was that this was a matter that was being addressed, and it was believed that there was a desire among the private sector to invest, provided that the circumstances were right.

    ·         The North Wales Ambition Programme Office worked very closely with the private sector on specific projects, and that the sector was currently looking to invest. 

    ·         It was acknowledged that there was a risk that the capacity to invest could change over coming years, and the Programme Office worked very closely with both Governments on this.  More public sector investment would possibly be required should the private sector investment not be there but, at present, the situation seemed quite positive.

    ·         The Programme Office was developing a strategy with the Business Delivery Board to ensure that it was possible to bring this strategy forward, and one of the specific things that had been undertaken as part of the demand for new projects to the £30m fund was to place a strong emphasis on the ability of businesses to invest as part of  ...  view the full minutes text for item 5


     

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