The Head of Regeneration and Economy has submitted a report to seek endorsement for the Oxfordshire Strategic Economic Plan.

Cabinet is recommended to:

1.        Noteand endorse Oxfordshire’s Strategic Economic Plan (SEP) 2023-2033; and

2.        Delegate authority to the Head of Regeneration and Economy, in consultation with the Cabinet Member for Inclusive Economy and Partnerships, to agree the SEP Action Plan including Oxford City Council’s role in supporting the delivery of actions within existing committed budgets and legal and constitutional constraints.

The Head of Regeneration and Economy had submitted a report to seek endorsement for the Oxfordshire Strategic Economic Plan.

Councillor Susan Brown, Leader, outlined that the Plan had been commissioned and approved by the Oxfordshire Local Enterprise Partnership (OxLEP).  It was therefore before Cabinet for endorsement only.  The document set out the strategic plan for Oxfordshire’s economy but was also based on some of the issues which this Council wished to see, such as a recognition of the growth in Oxfordshire’s economy; the need for housing; the need for a fairer economy; and prioritisation of the Oxford Living Wage and inclusive employment opportunities.  It was considered that endorsement of the Plan might offer opportunities to regionally escalate and collaborate on issues which were important to the Council and could potentially also open further routes to government funding bids.

Cabinet resolved to:

1.        Noteand endorse Oxfordshire’s Strategic Economic Plan (SEP) 2023-2033; and

2.        Delegate authority to the Head of Regeneration and Economy, in consultation with the Cabinet Member for Inclusive Economy and Partnerships, to agree the SEP Action Plan including Oxford City Council’s role in supporting the delivery of actions within existing committed budgets and legal and constitutional constraints.