Agenda and minutes

Growth Overview and Scrutiny Committee - Wednesday, 29th August, 2018 10.00 am

Venue: Witham Room - South Kesteven House, St. Peter's Hill, Grantham. NG31 6PZ. View directions

Items
No. Item

25.

Membership

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    The Committee to be notified of any substitute members.

    Minutes:

    The Committee was informed that Councillor Baxter was substituting for Councillor Wood.

26.

Apologies

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    Minutes:

    An apology for absence was received from Councillor Wood.

27.

Disclosure of interests

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    Members are asked to disclose any interests in matters for consideration at the meeting.

    Minutes:

    No interests were disclosed.

28.

Action notes of the meeting held on 25 July 2018 pdf icon PDF 284 KB

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    (Enclosed)

    Minutes:

    The action notes from the meeting held on 25 July 2018 were noted.

29.

Updates from the previous meeting

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    Minutes:

    The Chairman commented that updates from the previous meetings would be highlighted at the next meeting of the Committee.

30.

DeliverSK pdf icon PDF 432 KB

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    (Enclosed)

    Minutes:

    The Chairman referred to InvestSK, describing it as the fuel to the engine that was DeliverSK; proposed for the consideration of the Growth Overview and Scrutiny Committee. The purpose of the meeting was to consider the resource implications in establishing DeliverSK.

     

    The questions Councillor Baxter had submitted were welcomed and it was noted that these would be used as a checklist at the end of the meeting. The opportunity being provided for Members to undertake pre-scrutiny was also welcomed.

     

    In introducing the report (DSK001), the Leader referred to the reasons why Members had been elected which was to improve the lot for residents which could be achieved a number of ways; through better housing, access to jobs and good education and services. In order to do this the Council would need to work in partnership with the private sector. InvestSK had been established to generate economic growth and business support, alongside place-making across the district.

     

    The next stage was to move to the physical development of projects. Undertaking one project at a time was not an appropriate option.

     

    The aim was for SKDC to take an active ‘hands-on’ role in the process and ensure key projects were delivered by creating effective and efficient delivery ‘pipelines’ for future projects throughout the District.

     

    The way forward would be to work in partnership to enhance the work of the private sector.  Housing was required but so was new business and this could only be addressed by investing in physical growth on the ground. The report outlined proposals for the formation of an investment partnership, ‘DeliverSK’. This partnership would manage development schemes from the initial concept through to delivery. Feedback from InvestSK had indicated there were a number of companies wanting to invest in the District.

     

    The Chairman thanked the Leader for his overview and reminded the Committee of their role to scrutinise and be a critical eye. He welcomed the first question about the financial implications noting the Committee would need to give due diligence to this area.

     

    Legal and Financial considerations:

     

    In response to a Member’s query about whether the £600k for setting up the Company would be a loan from the Council and incur an interest rate, the Committee was informed that the figures were estimated working capital figures based on comparisons of the establishment of similar companies by other local authorities. The sum of up to £100k was anticipated to be required to assist in partner selection and in drawing up the required partnership agreement with the chosen partner. It was not envisaged that this would be paid back to the Council. The £500k estimated working capital would be used for initial project development activities and would eventually be paid back to the Council.

     

    It was suggested by Cllr Craft that the £500k costs for 6 months might be matched by a similar contribution by the private sector partner for the following 6 months.

     

    A suggestion was also made that the recommendation should  ...  view the full minutes text for item 30.

31.

Close of Meeting

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    Minutes:

    The Chairman thanked everyone for their input.

     

    The meeting closed at 13.25pm.