Issue - meetings

To consider a joint report of the Executive Councillors (Economic Development & Regeneration) and (Governance & Corporate Services)

(Note: this report contains information ‘not for publication’ in its appendices and these have been circulated to executive councillors only)

The report outlines a proposed strategy for encouraging the development of creative industries and specialist retail in Stockport, focussed primarily on the Market Place, explaining the anticipated outcomes of the strategy and the importance of the acquisition of property in order to meet its objectives.

The Executive is recommended to:

·         Endorse the strategy to encourage the development of creative industries and specialist retail in Stockport Market Place.

·         Support the utilisation of Adult Social Care Capital Resources in conjunction with grant funding to authorise the acquisition of a property on the Market Place in order to maximise the opportunity of this strategy.

·         Support the use of Adult Social Care Capital Resources as match funding for a bid to the Heritage Enterprise Programme, and any other relevant funding sources, for funding to deliver the strategy.

·         Authorise the Service Director (Place Development) and the Corporate Director for Corporate and Support Services in consultation with the Executive Councillor (Economic Development and Regeneration) and Executive Councillor (Governance and Corporate Services) to offer the listed potential occupiers of property in the Market Place the opportunity to lease the ground floor units at less than market value.

·         Authorise the Service Director (Adult Social Care) to allocate Capital Resources to support the strategy.

·         Approve reallocation of unallocated PIF capital funding to carry out priority works to 18-19 and 25 Market Place (Merchants House).

Officer contact: Nicola Turner/Henrietta Achampong, 0161 218 1635/474 4406, nicola.turner@stockport.gov.uk / Henrietta.achampong@stockport.gov.uk

A joint report of the Executive Councillors (Economic Development & Regeneration) and (Governance & Corporate Services) was submitted (copies of which had been circulated) inviting the Executive Meeting to consider a proposed strategy for encouraging the development of creative industries and specialist retail in Stockport, focussed primarily on the Market Place. The report also set out the anticipated outcomes and identified property acquisitions necessary to meet the strategic objectives.

(NOTE: the report included exempt information ‘Not for Publication’ contained within its appendices that were circulated to executive councillors only)

RESOLVED – That

·                   the strategy to encourage the development of creative industries and specialist retail in Stockport Market Place be endorsed;

·                   the utilisation of Adult Social Care Capital Resources in conjunction with grant funding to authorise the acquisition of a property on the Market Place in order to maximise the opportunity of this strategy be supported;

·                   the use of Adult Social Care Capital Resources as match funding for a bid to the Heritage Enterprise Programme, and any other relevant funding sources, for funding to deliver the strategy be supported;

·                   the Service Director (Place Development) and the Corporate Director for Corporate and Support Services in consultation with the Executive Councillors (Economic Development & Regeneration) and (Governance & Corporate Services) be authorised to offer the listed potential occupiers of property in the Market Place the opportunity to lease the ground floor units at less than market value;

·                   the Service Director (Adult Social Care) be authorised to allocate Capital Resources to support the strategy;

·                   the allocation of unallocated PIF capital funding to carry out priority works to 18-19 and 25 Market Place (Merchants House) be approved.