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Skills, Economy and Growth Scrutiny Commission - Monday 10 March 2025 7.00 pm

March 10, 2025 View on council website  Watch video of meeting or read trancript
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Summary

The Skills, Economy and Growth Scrutiny Commission received a presentation on the data underpinning the draft Hackney Economic Development Plan 2025-2030, and the plan itself. The Commission noted the presentation and asked questions of officers and Cabinet Members about the plan, and about the Council's plans for engaging with residents and businesses to discuss it.

Hackney's Economic Development Plan 2025-2030

The draft Hackney Economic Development Plan 2025-2030 is structured around four 'missions'.

  1. Residents are able to actively participate in the economy and society. The draft plan sets out a number of proposals intended to help residents participate in Hackney's economy, including specialist employment provision, targeted promotion of foundational skills (English, Maths, and ESOL[^2]), and training aligned to the needs of the labour market. [^2]: ESOL stands for English for Speakers of Other Languages.
  2. Hackney's economy is climate resilient and sustainable. This mission sets out proposals intended to help Hackney reach net zero, including the development of a Circular Economy Strategy and Action Plan[^3], supporting the growth of green businesses and jobs, and ensuring the Council's commercial assets are energy efficient. [^3]: The Circular Economy is about reusing and repairing products and materials for as long as possible, rather than using them once and throwing them away.
  3. Hackney's economy is acknowledged as fairer and more inclusive. This mission focuses on ensuring that the benefits of economic growth in Hackney are distributed fairly. The proposals in the draft plan include the Affordable Workspace Fund, the use of the Council's Sustainable Procurement and Insourcing Strategy, and an increase in apprenticeships.
  4. Regeneration and investment benefits more of Hackney's places and communities. This mission focuses on the benefits of regeneration across the borough, taking an 'area-based' approach. The draft plan sets out proposals including maximising social value[^4] from new developments, and creating more affordable and energy-efficient workspaces. [^4]: Social Value is the additional benefit to the community that a development can bring.

Councillors asked questions about a number of aspects of the plan, including the Council's financial position and the impact that budget cuts would have on it. They also asked about the apparent disconnect between the positive data on employment in Hackney, and Hackney's high rates of deprivation, and about the role the Council would play in helping residents with complex needs to find work.

Councillors asked whether the London Growth Plan, published in February 2025, would make it harder for the Council to achieve its productivity targets.

Councillors were also interested in how the plan would respond to the threat of AI. They asked how the Council would work with employers to ensure that they supported employees who were disabled or who had long-term health conditions. Councillors discussed the Council's 15-minute city agenda, and asked what the Council could do to encourage diversity of businesses in the borough's town centres, rather than just coffee shops.

There was a lot of discussion about the Council's use of Section 106 agreements to ensure that new developments provide affordable workspace, and about the Council's role as a convener of different stakeholders in the borough.

The Commission also asked for more information about the geographical areas covered by the plan, in particular the north of the borough, including the areas around Woodberry Down, Finsbury Park, Stamford Hill, and Stoke Newington. Councillors wanted to understand how the plan would address the fact that many global majority businesses did not know about the Council's business support programmes, and whether there would be a role for the Hackney Impact consortium in this.

Engaging with businesses and residents

The Commission was informed about the Council's plans to engage with businesses and residents about the draft Hackney Economic Development Plan. The Council intends to carry out a range of engagement activities including one-to-one meetings, group discussions, workshops, and an online survey. Councillors requested that the Council find a way to engage specifically with sole traders and small businesses, as this had proved difficult in the past.

The Commission also wanted to understand how the Council would ensure that the sample of residents and businesses they spoke to was representative of Hackney.