Decision Maker: Cabinet (Resources) Panel
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To seek approval to:
· Become a shareholder of the West Midlands Combined Authority (WMCA) Growth Company through the WMCA
· Become an investor in the West Midlands Growth Company
· Procure support and services from the WMCA Growth Company
· The related arrangements relating to existing City of Wolverhampton Council employees and budgets
Cllr John Reynolds presented the report on proposals for the Council’s involvement in the West Midlands Growth Company. The Growth Company would play an important role in facilitating the delivery of the West Midlands Combined Authority Strategic Economic Plan. It would also attract more investment, jobs, businesses and visitors to the West Midlands region.
Resolved:
5. That it be noted that West Midlands Combined Authority Board on 3 March 2017 approved the creation of the West Midlands Growth Company with a scheduled ‘go live’ date of 1 May 2017.
Report author: Tim Johnson
Publication date: 29/03/2017
Date of decision: 28/03/2017
Decided at meeting: 28/03/2017 - Cabinet (Resources) Panel