Council To Consider Budget Changes To Support Young People And Regeneration

Council leader David Pugh has submitted a motion under Procedure Rule 10 of the Council’s Constitution to be included in the next full council meeting on Wednesday 25th January.
It reads, “That council:

Notes that an overall net saving of £1.8m is likely to be achieved in …

Council leader David Pugh has submitted a motion under Procedure Rule 10 of the Council’s Constitution to be included in the next full council meeting on Wednesday 25th January.

It reads, “That council:

  1. Notes that an overall net saving of £1.8m is likely to be achieved in the 2011/12 financial year, as set out in the report to Cabinet on 13 December 2011.
  2. Agrees that it is not prudent or sensible to use this saving to fund activities or costs that are recurring, but there is some scope to fund one-off initiatives – particularly in relation to the corporate priority of Regeneration and the Economy.
  3. Further agrees that a particular area of focus should be to support initiatives that help tackle youth unemployment and create new employment opportunities for young people, and that funding should be brought forward as quickly as possible to enable such investment to take place as an urgent priority.
  4. Therefore agrees to £300,000 being allocated by virement from the net overall revenue budget savings due to be achieved in 2011/12, to support the delivery of the plans detailed in paragraph 9.3 of the delegated decision paper Economic Development Delivery Action Plan 2011/12-2013/14, to enable these initiatives to be implemented with immediate effect. This allocation is in addition to the £250k being carried forward to support the establishment of the Economic Improvement Fund, as agreed by Cabinet on 13 December 2011.
  5. And also agrees that further initiatives in support of the corporate priority of Regeneration and the Economy should be included in the budget proposals for 2012/13, taking into account the other options set out in paragraph 9 of the Economic Development Delivery Action Plan 2011/12-2013/14 report.”

Economic Development Delivery Action Plan
Also released today was a Delegated Decision Report relating to the revised Economic Development Delivery Action Plan for the period 2011/12 to 2013/14, which is embedded below for your convenience.


Tuesday, 17th January, 2012 2:29pm

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Filed under: Budget Cuts, Community, Island-wide, Isle of Wight Council, Isle of Wight News

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