REPORT OF THE CABINET MEMBERS FOR SUPPORTING BUSINESS AND OPPORTUNITIES AND THE DEPUTY LEADER AND CABINET MEMBER FOR CORPORATE SERVICES

February 13, 2024 Key decision Approved View on council website
Full council record
Content

RESOLVED
that:-
 
(a )     Cabinet note the proposals in
relation to the North East Investment Zone (NEIZ), including the
inclusion of the Blyth Energy Central Site as an Investment Zone
(IZ) Tax Site;
 
(b )     Cabinet authorise inclusion of
the Blyth Energy Central BRR Site in the NEIZ for 25 years, noting
the NEIZ Business Rates Reinvestment Strategy (attached at Appendix
1); and 
 
(c )     Cabinet authorise the Executive
Director of Place and Regeneration, in consultation with the
Director of Finance, the Director of Law and Corporate Governance,
the Cabinet Member for Supporting Business and Opportunities and
Cabinet Member for Corporate Resources, to finalise the elements of
the NEIZ proposal specific to Northumberland County Council in
conjunction with the Interim Chief Executive Officer for the North
East Mayoral Combined Authority, and enter into a written agreement
with the North East Mayoral Combined Authority and constituent
local authorities.

Supporting Documents

10 North East Investment Zone.pdf

Details

OutcomeRecommendations Approved
Decision date13 Feb 2024