40 Economic Development and Inward Investment Update
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To
consider the Economic Development and Inward Investment update for
South Holland (report of the Assistant Director – Strategic
Growth and Development enclosed).
Minutes:
Consideration was given to the report of the
Assistant Director – Strategic Growth and Development which
considered the Economic Development and Inward Investment update
for South Holland.
The Assistant Director – Strategic
Growth and Development introduced the report which sought to
provide members with a high-level update on relevant activities,
including:
- S&ELCP Growth and Prosperity
plan;
- Business engagement and
intelligence;
- Business support activities;
- Inward Investment;
- Key Economic Projects and
Initiatives;
- Skills;
- Strategic Engagement; and
- Future Focus.
Members considered the update and made the
following comments:
- Members referred to point 8.1 of the
report in respect of strategic engagement and queried SHDC’s
engagement with Cadent following concerns raised from experiences
at a local level, and whether the engagement with National Grid
Energy Distribution (NGED) conflicted with the Motion
‘Preservation of Fenland landscape and Recognition of
South Holland as a Critical Food Producing Area’ recently
supported at Council.
- The Assistant Director –
Strategic Growth and Development responded that:
- Cadent were leading on a hydrogen
pipeline network to service commercial activity, with a first phase
focussing on a number of UK city regions. SHDC’s engagement
with the organisation sought to raise the profile of South
Lincolnshire as a key agri-food and logistics cluster and to link
the activities of Cadent with the ambitions of the South
Lincolnshire area; and
- Engagement activities sought to
influence the investment plans of NGED in respect of widening local
power distribution within the district and the wider partnership
area and therefore support growth. Such engagement did not conflict
with the Motion agreed at Council as this related to the activity
of the National Grid in respect of the transmission network and
association pylons.
- Members queried if there were any
indications regarding inward investment for Spalding town centre,
and whether engagement work with Boston College covered the
Spalding site.
- The Assistant Director –
Strategic Growth and Development confirmed both points.
- Members referred to the Sutton
Bridge Power Station and requested whether updates were known
regarding its potential recommissioning.
- The Assistant Director –
Strategic Growth and Development confirmed that there were no
further updates but that the situation would be closely
monitored.
- Members referred to the
‘Spalding Gateway and Clay Lake’ key economic projects
and initiatives at point 6.1, and queried whether activity with
land owners represented new or ongoing engagement.
- The Assistant Director –
Strategic Growth and Development confirmed that the detail within
the report related to a continuation of the same strategy from the
same land owner, following the planning permission that was awarded
for the site in 2023.
- Members noted the 65% occupancy for
‘Hub’ building and queried whether this was on target.
Were the businesses locally based?
- The Assistant Director –
Strategic Growth and Development responded that current occupancy
exceeded L.C.C. targeted expectations. A dedicated engagement
manager was in place to support and encourage businesses across the
area to engage with the FEZ project;
- A mix of local and national
businesses utilised the Hub building as a base for local projects.
This approach was ...
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